Theresa Wise Sells 2,500 Shares of Viasat (NASDAQ:VSAT) Stock

Viasat Inc. (NASDAQ:VSAT) Director Theresa Wise sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $69.00, for a total value of $172,500.00. Following the sale, the director directly owned 11,000 shares of the company’s stock, valued at $759,000. This represents a 18.52% 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 2.4%

Viasat stock traded down $1.54 during mid-day trading on Tuesday, reaching $63.94. The stock had a trading volume of 2,745,098 shares, compared to its average volume of 1,895,923. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.19 and a current ratio of 2.41. Viasat Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $89.79. The stock’s 50-day simple moving average is $64.73 and its 200-day simple moving average is $49.61. The firm has a market capitalization of $8.73 billion, a PE ratio of -220.48 and a beta of 1.70.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Valued Wealth Advisors LLC bought a new position in shares of Viasat in the first quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its holdings in shares of Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 886 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Viasat in the fourth quarter valued at approximately $36,000. Los Angeles Capital Management LLC bought a new position in shares of Viasat in the fourth quarter valued at approximately $38,000. Finally, EFG International AG bought a new position in shares of Viasat in the fourth quarter valued at approximately $41,000. Institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VSAT shares. Barclays set a $49.00 price objective on Viasat in a research note on Friday, May 29th. Needham & Company LLC raised their price objective on Viasat from $58.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $97.00 price objective on shares of Viasat in a research note on Monday, June 1st. 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 analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Viasat has an average rating of “Moderate Buy” and a consensus price target of $77.13.

Viasat Company Profile

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.