Viasat (NASDAQ:VSAT) Director John Stenbit Sells 653 Shares

by · The Cerbat Gem

Viasat Inc. (NASDAQ:VSAT – Get Free Report) Director John Stenbit sold 653 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $71.74, for a total value of $46,846.22. Following the sale, the director directly owned 29,597 shares of the company’s stock, valued at $2,123,288.78. This represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Viasat Stock Down 7.9%

Shares of Viasat stock traded down $5.75 during trading on Friday, reaching $67.18. 2,554,589 shares of the company traded hands, compared to its average volume of 1,865,434. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.41 and a quick ratio of 2.19. Viasat Inc. has a 1-year low of $9.01 and a 1-year high of $89.79. The company has a 50 day moving average price of $64.03 and a 200-day moving average price of $49.16. The firm has a market capitalization of $9.17 billion, a PE ratio of -231.66 and a beta of 1.71.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays set a $49.00 target price on shares of Viasat in a research report on Friday, May 29th. Needham & Company LLC raised their target price on Viasat from $58.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $97.00 target price on shares of Viasat in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. Finally, Raymond James Financial set a $74.00 price objective on Viasat and gave the company an “outperform” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Viasat presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.13.

View Our Latest Stock Analysis on Viasat

Institutional Investors Weigh In On Viasat

Hedge funds have recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC acquired a new stake in Viasat in the first quarter valued at approximately $25,000. Hantz Financial Services Inc. boosted its position in shares of Viasat by 6,815.4% during the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Viasat during the fourth quarter valued at approximately $36,000. Los Angeles Capital Management LLC bought a new stake in Viasat during the fourth quarter worth $38,000. Finally, International Assets Investment Management LLC purchased a new stake in Viasat in the 1st quarter valued at $51,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

About Viasat

(Get Free Report)

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.

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