ViaSat (VSAT) Sets New 1-Year High at $81.24

Shares of ViaSat, Inc. (NASDAQ:VSAT) reached a new 52-week high on Monday . The company traded as high as $81.24 and last traded at $81.64, with a volume of 15271 shares traded. The stock had previously closed at $80.08.

A number of equities analysts recently commented on the stock. Raymond James lifted their target price on shares of ViaSat from $73.00 to $81.00 and gave the stock a “positive” rating in a research report on Friday, February 15th. ValuEngine lowered ViaSat from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub raised shares of ViaSat from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Barclays reaffirmed a “sell” rating and set a $66.00 price objective on shares of ViaSat in a research report on Wednesday, February 13th. Finally, Zacks Investment Research upgraded ViaSat from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Saturday, January 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. ViaSat has an average rating of “Buy” and a consensus target price of $69.71.

The company has a market cap of $4.84 billion, a price-to-earnings ratio of -96.08 and a beta of 0.90. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.24. ViaSat had a negative return on equity of 4.60% and a negative net margin of 4.62%. The company had revenue of $554.69 million during the quarter, compared to analyst estimates of $487.99 million. During the same quarter last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 45.3% on a year-over-year basis. Equities analysts predict that ViaSat, Inc. will post -1.43 earnings per share for the current fiscal year.

In other ViaSat news, Director B Allen Lay sold 1,000 shares of ViaSat stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.97, for a total value of $75,970.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Richard A. Baldridge sold 84,401 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $72.74, for a total value of $6,139,328.74. The disclosure for this sale can be found here. Insiders have sold a total of 188,026 shares of company stock worth $14,012,045 over the last three months. 8.10% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Enlightenment Research LLC purchased a new stake in ViaSat in the fourth quarter worth about $29,000. IFP Advisors Inc grew its position in shares of ViaSat by 245.3% during the fourth quarter. IFP Advisors Inc now owns 1,478 shares of the communications equipment provider’s stock worth $86,000 after purchasing an additional 1,050 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in ViaSat by 313.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,379 shares of the communications equipment provider’s stock valued at $152,000 after purchasing an additional 1,803 shares during the period. AlphaCrest Capital Management LLC bought a new stake in ViaSat during the 4th quarter valued at approximately $200,000. Finally, Virtu Financial LLC purchased a new position in ViaSat in the 4th quarter worth approximately $203,000.

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About ViaSat (NASDAQ:VSAT)

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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

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