Keven K. Lippert Sells 6,200 Shares of Viasat, Inc. (NASDAQ:VSAT) Stock

Viasat, Inc. (NASDAQ:VSAT) EVP Keven K. Lippert sold 6,200 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.58, for a total transaction of $121,396.00. Following the completion of the sale, the executive vice president now owns 24 shares in the company, valued at $469.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Viasat Trading Up 2.1 %

NASDAQ VSAT traded up $0.41 during trading hours on Monday, hitting $19.93. 902,555 shares of the company’s stock were exchanged, compared to its average volume of 999,722. The business’s 50 day moving average is $19.41 and its 200-day moving average is $30.00. Viasat, Inc. has a 12-month low of $15.02 and a 12-month high of $47.35. The firm has a market capitalization of $2.48 billion, a P/E ratio of 2.49, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.40 and a current ratio of 2.62.

Hedge Funds Weigh In On Viasat

Institutional investors and hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its position in Viasat by 12.6% during the second quarter. Louisiana State Employees Retirement System now owns 40,100 shares of the communications equipment provider’s stock worth $1,655,000 after purchasing an additional 4,500 shares during the last quarter. Neuberger Berman Group LLC grew its position in Viasat by 14.7% during the first quarter. Neuberger Berman Group LLC now owns 1,971,709 shares of the communications equipment provider’s stock valued at $66,582,000 after acquiring an additional 253,239 shares during the period. New York State Teachers Retirement System grew its position in Viasat by 0.6% during the second quarter. New York State Teachers Retirement System now owns 81,005 shares of the communications equipment provider’s stock valued at $3,342,000 after acquiring an additional 488 shares during the period. Raymond James & Associates grew its position in Viasat by 26.1% during the second quarter. Raymond James & Associates now owns 12,783 shares of the communications equipment provider’s stock valued at $527,000 after acquiring an additional 2,646 shares during the period. Finally, Inspire Investing LLC grew its position in Viasat by 173.8% during the second quarter. Inspire Investing LLC now owns 22,186 shares of the communications equipment provider’s stock valued at $915,000 after acquiring an additional 14,084 shares during the period. Institutional investors and hedge funds own 88.28% of the company’s stock.

Analyst Upgrades and Downgrades

VSAT has been the topic of several recent research reports. TheStreet lowered shares of Viasat from a “c-” rating to a “d+” rating in a research report on Monday, July 24th. Needham & Company LLC cut their price objective on Viasat from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Barclays cut their price objective on Viasat from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, September 18th. StockNews.com initiated coverage on Viasat in a research report on Thursday, October 5th. They set a “sell” rating for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Viasat in a research report on Tuesday, October 17th. They set a “hold” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.17.

Viasat Company Profile

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 entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.