Viasat, Inc. (NASDAQ:VSAT) EVP Mark J. Miller Sells 3,564 Shares

Viasat, Inc. (NASDAQ:VSAT - Get Free Report) EVP Mark J. Miller sold 3,564 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.21, for a total value of $32,824.44. Following the sale, the executive vice president now directly owns 350,351 shares in the company, valued at approximately $3,226,732.71. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Viasat Stock Up 1.0 %

VSAT traded up $0.09 during trading on Monday, hitting $9.43. The company had a trading volume of 2,565,528 shares, compared to its average volume of 1,944,261. The company has a market cap of $1.21 billion, a PE ratio of -3.02 and a beta of 1.34. The business has a 50-day moving average of $9.59 and a 200-day moving average of $13.36. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $29.11.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing analysts' consensus estimates of ($0.54) by ($0.53). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($6.16) EPS. As a group, analysts forecast that Viasat, Inc. will post -2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of Viasat from $28.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. Barclays dropped their price target on Viasat from $24.00 to $9.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 20th. Bank of America reduced their price objective on Viasat from $31.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. lowered shares of Viasat from an "overweight" rating to a "neutral" rating and cut their price target for the company from $29.00 to $15.00 in a report on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Viasat from a "hold" rating to a "sell" rating in a research note on Saturday, August 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $18.33.

Hedge Funds Weigh In On Viasat

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new position in Viasat in the 3rd quarter worth about $27,000. Point72 Hong Kong Ltd bought a new position in Viasat in the 3rd quarter worth approximately $28,000. Quest Partners LLC acquired a new stake in Viasat in the 2nd quarter valued at approximately $29,000. KBC Group NV boosted its position in Viasat by 63.7% during the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider's stock worth $31,000 after acquiring an additional 1,021 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Viasat by 176.3% in the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider's stock worth $33,000 after purchasing an additional 1,772 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

About Viasat

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 entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.