ViaSat (VSAT) Hits New 12-Month High at $81.24
ViaSat, Inc. (NASDAQ:VSAT) hit a new 52-week high on Monday . The company traded as high as $81.24 and last traded at $81.64, with a volume of 15271 shares changing hands. The stock had previously closed at $80.08.
A number of equities research analysts have weighed in on VSAT shares. Raymond James lifted their target price on ViaSat from $73.00 to $81.00 and gave the company a “positive” rating in a research report on Friday, February 15th. ValuEngine lowered ViaSat from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub raised ViaSat from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Barclays reaffirmed a “sell” rating and set a $66.00 target price on shares of ViaSat in a research report on Wednesday, February 13th. Finally, Zacks Investment Research raised ViaSat from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Saturday, January 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.71.
The stock has a market capitalization of $5.00 billion, a P/E ratio of -95.79 and a beta of 0.90. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.60.
In related news, insider Ken Allen Peterman sold 47,625 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $78.09, for a total transaction of $3,719,036.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director B Allen Lay sold 2,000 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $71.50, for a total value of $143,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 188,026 shares of company stock valued at $14,012,045. Corporate insiders own 8.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Neuburgh Advisers LLC grew its stake in ViaSat by 3.8% during the 4th quarter. Neuburgh Advisers LLC now owns 5,216 shares of the communications equipment provider’s stock valued at $308,000 after purchasing an additional 192 shares during the last quarter. Financial Engines Advisors L.L.C. grew its stake in ViaSat by 1.1% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 31,204 shares of the communications equipment provider’s stock valued at $1,839,000 after purchasing an additional 341 shares during the last quarter. Retirement Systems of Alabama grew its stake in ViaSat by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 72,697 shares of the communications equipment provider’s stock valued at $4,285,000 after purchasing an additional 360 shares during the last quarter. Arizona State Retirement System grew its stake in ViaSat by 1.3% during the 4th quarter. Arizona State Retirement System now owns 40,244 shares of the communications equipment provider’s stock valued at $2,372,000 after purchasing an additional 498 shares during the last quarter. Finally, Enlightenment Research LLC purchased a new stake in ViaSat during the 4th quarter valued at about $29,000.
ILLEGAL ACTIVITY NOTICE: “ViaSat (VSAT) Hits New 12-Month High at $81.24” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.watchlistnews.com/viasat-vsat-hits-new-12-month-high-at-81-24/2952929.html.
About ViaSat (NASDAQ:VSAT)
Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
Recommended Story: Risk Tolerance
Receive News & Ratings for ViaSat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat and related companies with MarketBeat.com's FREE daily email newsletter.