11,750 Shares in Viasat Inc. $VSAT Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Viasat Inc. (NASDAQ:VSAT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,750 shares of the communications equipment provider’s stock, valued at approximately $1,055,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VSAT. Valued Wealth Advisors LLC acquired a new stake in shares of Viasat during the first quarter worth $25,000. Aberdeen Wealth Management LLC bought a new stake in Viasat in the 2nd quarter valued at $30,000. Elevation Wealth Partners LLC boosted its stake in Viasat by 935.3% in the 2nd 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 bought a new position in Viasat during the 4th quarter worth about $36,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Viasat in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insider Buying and Selling

In other Viasat news, Director Richard A. Baldridge sold 223,542 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $80.62, for a total transaction of $18,021,956.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $75.46, for a total transaction of $181,104.00. Following the completion of the sale, the senior vice president owned 21,159 shares of the company’s stock, valued at approximately $1,596,658.14. This represents a 10.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 675,861 shares of company stock worth $47,705,388 in the last quarter. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on Viasat from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. New Street Research began coverage on Viasat in a research note on Wednesday, May 13th. They issued a “buy” rating and a $100.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a research note on Friday, July 17th. B. Riley Financial boosted their price objective on shares of Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Zacks Research upgraded shares of Viasat from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.67.

Viasat Stock Performance

VSAT opened at $67.37 on Monday. Viasat Inc. has a 52-week low of $26.10 and a 52-week high of $93.03. The firm has a market capitalization of $9.28 billion, a PE ratio of -280.71 and a beta of 1.72. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. The business’s 50-day simple moving average is $75.32 and its 200 day simple moving average is $64.40.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. Viasat had a negative net margin of 0.64% and a positive return on equity of 1.44%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) earnings per share. As a group, sell-side analysts expect that Viasat Inc. will post -0.36 earnings per share for the current fiscal year.

About Viasat

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.