ViaSat, Inc. (VSAT) Insider Keven K. Lippert Sells 1,200 Shares of Stock

ViaSat, Inc. (NASDAQ:VSAT) insider Keven K. Lippert sold 1,200 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $69.20, for a total value of $83,040.00. Following the completion of the transaction, the insider now directly owns 2,949 shares in the company, valued at approximately $204,070.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of ViaSat, Inc. (NASDAQ VSAT) opened at $70.00 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 2.26. ViaSat, Inc. has a 1 year low of $57.75 and a 1 year high of $81.71. The stock has a market capitalization of $3,983.43, a PE ratio of 1,368.00 and a beta of 0.74.

ViaSat (NASDAQ:VSAT) last released its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The firm had revenue of $393.10 million during the quarter, compared to analysts’ expectations of $401.83 million. During the same quarter last year, the business posted $0.40 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. analysts forecast that ViaSat, Inc. will post -0.92 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. World Asset Management Inc grew its position in shares of ViaSat by 1.7% during the second quarter. World Asset Management Inc now owns 3,279 shares of the communications equipment provider’s stock worth $217,000 after purchasing an additional 56 shares in the last quarter. CrestPoint Capital Management LLC grew its position in shares of ViaSat by 0.8% during the second quarter. CrestPoint Capital Management LLC now owns 12,500 shares of the communications equipment provider’s stock worth $827,000 after purchasing an additional 100 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of ViaSat by 9.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after purchasing an additional 131 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of ViaSat by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 4,392 shares of the communications equipment provider’s stock worth $291,000 after purchasing an additional 169 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of ViaSat by 5.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the communications equipment provider’s stock worth $231,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

A number of research analysts have weighed in on the company. Zacks Investment Research raised ViaSat from a “hold” rating to a “strong-buy” rating and set a $75.00 target price on the stock in a report on Monday. Needham & Company LLC raised ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday. B. Riley reaffirmed a “buy” rating and issued a $89.00 price objective on shares of ViaSat in a research note on Thursday, November 9th. Royal Bank Of Canada decreased their price objective on ViaSat from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Thursday, October 5th. Finally, Jefferies Group LLC set a $67.00 price objective on ViaSat and gave the stock a “hold” rating in a research note on Sunday, September 10th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.17.

About ViaSat

ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.

Insider Buying and Selling by Quarter for ViaSat (NASDAQ:VSAT)

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