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 stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the sale, the executive vice president now owns 350,351 shares in the company, valued at $3,226,732.71. This represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Viasat Trading Up 1.0 %

NASDAQ:VSAT opened at $9.43 on Tuesday. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $29.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. The firm’s fifty day moving average is $9.59 and its 200-day moving average is $13.36. The firm has a market cap of $1.21 billion, a P/E ratio of -3.02 and a beta of 1.34.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings results 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). Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company posted ($6.16) EPS. The business’s revenue was down 8.4% compared to the same quarter last year. Equities analysts expect that Viasat, Inc. will post -2.38 earnings per share for the current year.

Institutional Investors Weigh In On Viasat

Several large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Viasat by 6.6% in the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock valued at $53,083,000 after buying an additional 276,376 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in shares of Viasat by 28.1% during the 3rd 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 during the period. Geode Capital Management LLC boosted its stake in Viasat by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock worth $29,950,000 after acquiring an additional 122,472 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Viasat by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,523,465 shares of the communications equipment provider’s stock worth $18,190,000 after purchasing an additional 115,909 shares during the period. Finally, Millennium Management LLC increased its stake in Viasat by 1,145.1% in the second quarter. Millennium Management LLC now owns 816,478 shares of the communications equipment provider’s stock valued at $10,369,000 after purchasing an additional 750,904 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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 research note on Tuesday, September 17th. Bank of America reduced their target price on shares of Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Needham & Company LLC dropped their price target on shares of Viasat from $28.00 to $19.00 and set a “buy” rating for the company 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 on the stock in a research note on Wednesday, November 20th. Finally, StockNews.com lowered Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. One equities 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 stock. Based on data from MarketBeat, Viasat presently has an average rating of “Hold” and an average 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.