Viasat (NASDAQ:VSAT) Director John Stenbit Sells 616 Shares

Viasat Inc. (NASDAQ:VSAT) Director John Stenbit sold 616 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.46, for a total transaction of $46,483.36. Following the completion of the transaction, the director owned 634 shares of the company’s stock, valued at $47,841.64. This trade represents a 49.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Viasat Stock Down 6.0%

Shares of NASDAQ:VSAT traded down $5.13 during midday trading on Wednesday, reaching $81.03. 4,019,346 shares of the company were exchanged, compared to its average volume of 2,142,785. The firm has a market cap of $11.16 billion, a PE ratio of -279.41 and a beta of 1.72. Viasat Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $93.03. The stock has a fifty day simple moving average of $72.48 and a two-hundred day simple moving average of $60.06. The company has a quick ratio of 2.19, a current ratio of 2.41 and a debt-to-equity ratio of 1.35.

Viasat (NASDAQ:VSAT) last released its quarterly earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.34). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. Viasat had a negative net margin of 0.73% and a positive return on equity of 1.58%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. As a group, sell-side analysts forecast that Viasat Inc. will post -0.28 earnings per share for the current year.

Institutional Trading of Viasat

A number of large investors have recently added to or reduced their stakes in VSAT. Valued Wealth Advisors LLC bought a new position in shares of Viasat in the 1st quarter valued at about $25,000. Elevation Wealth Partners LLC grew its holdings in Viasat by 935.3% during the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock worth $32,000 after purchasing an additional 318 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Viasat during the fourth quarter worth approximately $36,000. Los Angeles Capital Management LLC bought a new stake in Viasat in the fourth quarter valued at approximately $38,000. Finally, EFG International AG acquired a new stake in shares of Viasat in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. B. Riley Financial upped their price target on Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Zacks Research raised shares of Viasat from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $97.00 target price on shares of Viasat in a research report on Monday, June 1st. Oppenheimer initiated coverage on shares of Viasat in a research note on Monday, June 29th. They issued an “outperform” rating and a $140.00 price target on the stock. Finally, Barclays set a $49.00 price objective on shares of Viasat in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Viasat has an average rating of “Moderate Buy” and a consensus target price of $85.78.

Key Viasat News

Here are the key news stories impacting Viasat this week:

• Positive Sentiment: Viasat reported fiscal Q1 adjusted earnings of $0.17 per share, exceeding the $0.10 consensus estimate and improving from a loss of $0.43 per share a year earlier. Lower interest expense helped narrow losses, while management reaffirmed its growth outlook. Viasat Q1 Earnings Beat Estimates Despite Lower Y/Y Revenues
• Positive Sentiment: The earnings call highlighted record awards for Viasat’s government-focused Direct Access to Technology business, improving cash flow, and two ViaSat-3 satellites nearing service. Expanded satellite capacity could support future growth in aviation, maritime and government markets. Viasat Q1 Earnings Call Centers on DAT Growth and ViaSat-3
• Neutral Sentiment: ViaSat-3 deployment progress and recent government contract wins have helped drive a 21.4% three-month rally, but investors are watching whether commercialization can translate the additional capacity into sustained revenue growth. Can Viasat’s Three-Month Rally Keep Climbing or Stall Now?
• Negative Sentiment: Quarterly revenue of approximately $1.16 billion fell short of the roughly $1.20 billion analyst expectation and declined about 1.2% year over year. The revenue shortfall suggests that operational execution and demand growth remain uneven despite the EPS beat. Viasat Stock Hits the Brakes After Q1 Report
• Negative Sentiment: Analysts and investors also question whether VSAT is priced too aggressively following its recent advance. Commercialization risk, intense competition and the company’s history of losses make the valuation more difficult to justify until ViaSat-3 growth becomes visible in reported results. Why ViaSat Stock Dropped After Earnings

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.