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

Viasat Inc. (NASDAQ:VSAT) Director Theresa Wise sold 2,500 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $69.00, for a total transaction of $172,500.00. Following the sale, the director directly owned 11,000 shares in the company, valued at approximately $759,000. This represents a 18.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Viasat Stock Down 3.8%

Shares of NASDAQ:VSAT opened at $61.50 on Thursday. Viasat Inc. has a 12 month low of $10.31 and a 12 month high of $89.79. The company’s 50-day moving average price is $65.43 and its two-hundred day moving average price is $50.03. The company has a quick ratio of 2.19, a current ratio of 2.41 and a debt-to-equity ratio of 1.35. The firm has a market cap of $8.40 billion, a P/E ratio of -212.07 and a beta of 1.71.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays set a $49.00 price objective on shares of Viasat in a report on Friday, May 29th. B. Riley Financial raised their target price on shares of Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Needham & Company LLC increased their price target on shares of Viasat from $58.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, June 1st. New Street Research began coverage on shares of Viasat in a research report on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $97.00 price target on shares of Viasat in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.13.

Institutional Trading of Viasat

Hedge funds have recently bought and sold shares of the stock. Valued Wealth Advisors LLC acquired a new stake in Viasat during the 1st quarter worth approximately $25,000. Hantz Financial Services Inc. raised its holdings in Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 886 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Viasat during the 4th quarter worth approximately $36,000. Los Angeles Capital Management LLC acquired a new stake in Viasat during the 4th quarter worth approximately $38,000. Finally, EFG International AG acquired a new stake in Viasat during the 4th quarter worth approximately $41,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

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.