Somewhat Favorable News Coverage Somewhat Unlikely to Impact ViaSat (VSAT) Stock Price
Media stories about ViaSat (NASDAQ:VSAT) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ViaSat earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.1520609067518 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- ViaSat Lands Big Military Contract (channelpartnersonline.com)
- Viasat Wins Contract From U.S. Special Operations Command (finance.yahoo.com)
- Viasat Selected by United States Special Operations Command to Provide Critical Mission Networking and Communications Equipment, Sustainment and Support Services (finance.yahoo.com)
- Here's Why ViaSat's (VSAT) Share Price is Gaining Momentum (finance.yahoo.com)
- ViaSat (VSAT) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
Shares of ViaSat (NASDAQ VSAT) traded up $1.60 during mid-day trading on Wednesday, hitting $77.74. 311,871 shares of the stock traded hands, compared to its average volume of 298,738. The company has a market cap of $4,530.00, a P/E ratio of -388.70 and a beta of 0.78. ViaSat has a 12-month low of $57.75 and a 12-month high of $77.96. The company has a quick ratio of 1.71, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a research report on Saturday. BidaskClub downgraded shares of ViaSat from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Morgan Stanley assumed coverage on shares of ViaSat in a research report on Friday, December 15th. They issued an “equal weight” rating and a $78.00 price target on the stock. Royal Bank of Canada reiterated an “underperform” rating and issued a $46.00 price target (down from $48.00) on shares of ViaSat in a research report on Tuesday, November 21st. Finally, Needham & Company LLC upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $73.75.
In related news, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $65.40, for a total transaction of $45,780.00. Following the completion of the transaction, the director now directly owns 10,300 shares of the company’s stock, valued at $673,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keven K. Lippert sold 1,200 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.20, for a total transaction of $83,040.00. Following the transaction, the insider now directly owns 2,949 shares of the company’s stock, valued at $204,070.80. The disclosure for this sale can be found here. Insiders have sold a total of 20,400 shares of company stock worth $1,486,717 over the last 90 days. Insiders own 7.70% of the company’s stock.
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ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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