ViaSat (NASDAQ:VSAT) Insider Steven Hart sold 18,000 shares of ViaSat stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $60.08, for a total transaction of $1,081,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of ViaSat (NASDAQ:VSAT) opened at 58.08 on Wednesday. ViaSat has a 1-year low of $35.35 and a 1-year high of $73.43. The stock’s 50-day moving average is $64.74 and its 200-day moving average is $66.45. The company’s market cap is $2.734 billion.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.12. The company had revenue of $353.90 million for the quarter, compared to the consensus estimate of $330.76 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. On average, analysts predict that ViaSat will post $0.61 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on VSAT shares. Analysts at Oppenheimer cut their price target on shares of ViaSat from $79.00 to $72.00 in a research note to investors on Tuesday, November 12th. They now have an “outperform” rating on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of ViaSat in a research note to investors on Monday, September 23rd. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $60.88.
ViaSat, Inc, is a provider of high-speed fixed and mobile broadband services, advanced satellite and wireless networks and secure networking systems, products and services.
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