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

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

Viasat Price Performance

Shares of VSAT stock traded up $0.07 during trading hours on Monday, hitting $9.41. The stock had a trading volume of 2,272,837 shares, compared to its average volume of 1,942,068. Viasat, Inc. has a one year low of $6.69 and a one year high of $29.11. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -2.99 and a beta of 1.34. The stock’s 50-day moving average price is $9.63 and its two-hundred day moving average price is $13.41. 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 (NASDAQ:VSAT) last released its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business posted ($6.16) EPS. The company’s revenue was down 8.4% on a year-over-year basis. Equities analysts forecast that Viasat, Inc. will post -2.38 EPS for the current year.

Institutional Trading of Viasat

Large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Viasat by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock worth $29,950,000 after buying an additional 122,472 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in shares of Viasat by 28.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after acquiring an additional 969,942 shares in the last quarter. National Bank of Canada FI purchased a new stake in Viasat in the third quarter worth about $27,000. State Street Corp grew its holdings in Viasat by 6.6% during the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock worth $53,083,000 after acquiring an additional 276,376 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in Viasat during the 3rd quarter valued at about $328,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on VSAT shares. JPMorgan Chase & Co. lowered 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. Bank of America cut their price objective on Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Needham & Company LLC decreased their target price on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Barclays reduced their price objective on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Finally, StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.33.

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.