Rep. Debbie Wasserman Schultz Purchases Shares of Viasat, Inc. (NASDAQ:VSAT)

Representative Debbie Wasserman Schultz (D-Florida) recently bought shares of Viasat, Inc. NASDAQ: VSAT. In a filing disclosed on November 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Viasat stock on October 23rd.

Representative Debbie Wasserman Schultz also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of New Gold NYSE: NGD on 11/18/2024.
• Purchased $1,001 - $15,000 in shares of Baxter International NYSE: BAX on 11/18/2024.
• Purchased $1,001 - $15,000 in shares of Patterson-UTI Energy NASDAQ: PTEN on 10/23/2024.

Viasat Price Performance

Shares of NASDAQ:VSAT traded up $1.08 on Friday, reaching $9.41. 8,657,780 shares of the company were exchanged, compared to its average volume of 1,882,964. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $29.11. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -3.02 and a beta of 1.37. The company has a 50-day moving average of $10.51 and a 200-day moving average of $14.28.

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

Institutional Trading of Viasat

Several large investors have recently bought and sold shares of VSAT. Vanguard Group Inc. grew its position in shares of Viasat by 2.9% during the first quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider's stock worth $226,711,000 after buying an additional 348,166 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in Viasat during the first quarter worth $348,000. CANADA LIFE ASSURANCE Co lifted its stake in Viasat by 23.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 70,622 shares of the communications equipment provider's stock worth $1,277,000 after purchasing an additional 13,304 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Viasat by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 60,183 shares of the communications equipment provider's stock worth $1,089,000 after purchasing an additional 3,712 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Viasat during the second quarter worth $293,000. Institutional investors and hedge funds own 86.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Representative Wasserman Schultz

Debbie Wasserman Schultz (Democratic Party) is a member of the U.S. House, representing Florida's 25th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2025. Wasserman Schultz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 25th Congressional District. She declared candidacy for the Democratic primary scheduled on August 20, 2024. Wasserman Schultz was first elected to the U.S. House in 2004 from District 20. She previously represented District 34 of the Florida State Senate from 2003 to 2004, District 32 of the Florida State Senate from 2001 to 2003, and District 97 of the Florida House of Representatives from 1993 to 2001. She served as one of the Chief Deputy Whips of the Democratic caucus for the 113th Congress. She also served as the chair of the Democratic National Committee. On July 24, 2016, Wasserman Schultz announced that she would resign her leadership position at the end of the party's convention. Wasserman Schultz was considered a possible candidate in 2016 for U.S. Senate. However, she announced on March 17, 2015, that she would not seek the Senate seat and would instead run for re-election to the House. Debbie Wasserman Schultz was born in Forest Hills, New York. Wasserman Schultz graduated from Half Hollow Hills High School East in 1984. She earned a B.A. and M.A. from the University of Florida in 1988 and 1990, respectively. Wasserman Schultz's career experience includes working as a staffer to former U.S. Representative Peter Deutsch.

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.