The stock of ViaSat, Inc. (NASDAQ:VSAT) is a huge mover today! About 1.08 million shares traded hands or 347.42% up from the average. ViaSat, Inc. (NASDAQ:VSAT) has risen 10.90% since April 14, 2016 and is uptrending. It has outperformed by 6.21% the S&P500.
The move comes after 5 months negative chart setup for the $3.65 billion company. It was reported on Nov, 16 by Barchart.com. We have $69.87 PT which if reached, will make NASDAQ:VSAT worth $182.50M less.
ViaSat, Inc. (NASDAQ:VSAT) Ratings Coverage
Out of 3 analysts covering ViaSat (NASDAQ:VSAT), 0 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 0 are positive. ViaSat has been the topic of 3 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Monday, May 23 by Drexel Hamilton. The stock has “Market Perform” rating given by Wells Fargo on Tuesday, October 13. The firm earned “Sell” rating on Wednesday, November 9 by Wunderlich.
According to Zacks Investment Research, “ViaSat Inc. designs, produces and markets advanced digital satellite telecommunications and other networking and signal processing equipment. The company has been developing and marketing its technology through strategic alliances for emerging commercial markets, such as private corporate networks, mobile applications, alternative carrier access and broadband Internet/Intranet access by satellite to multiple servers.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.63, from 1.79 in 2016Q1. The ratio worsened, as 19 funds sold all ViaSat, Inc. shares owned while 45 reduced positions. 20 funds bought stakes while 54 increased positions. They now own 45.33 million shares or 0.76% less from 45.68 million shares in 2016Q1.
Blackrock, a New York-based fund reported 17,780 shares. Bancorporation Of Montreal Can accumulated 0% or 36,982 shares. Capstone Inv Lc reported 3,200 shares or 0% of all its holdings. New South Mgmt holds 2.17 million shares or 3.82% of its portfolio. Shelton holds 3,734 shares or 0.02% of its portfolio. California State Teachers Retirement Sys holds 93,349 shares or 0.01% of its portfolio. Retirement Systems Of Alabama accumulated 58,086 shares or 0.02% of the stock. Cobblestone Capital Advisors Limited last reported 80,265 shares in the company. Profund Advisors Ltd, a Maryland-based fund reported 7,442 shares. State Common Retirement Fund last reported 0% of its portfolio in the stock. Teacher Retirement System Of Texas accumulated 0% or 6,528 shares. Advantus Mgmt Incorporated has invested 0.01% of its portfolio in ViaSat, Inc. (NASDAQ:VSAT). Steinberg Asset Mgmt Lc accumulated 237,730 shares or 4.44% of the stock. Brookside Capital Mgmt Lc owns 1.52 million shares or 4.55% of their US portfolio. Voya Inv Management Ltd Llc, a Georgia-based fund reported 18,435 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 14 insider sales for $11.73 million net activity. Peterman Ken Allen had sold 6,563 shares worth $513,445. On Monday, August 8 the insider BALDRIDGE RICHARD A sold $938,175. STENBIT JOHN P sold $60,096 worth of ViaSat, Inc. (NASDAQ:VSAT) on Thursday, September 1. WHITE HARVEY sold 2,800 shares worth $198,212. DANKBERG MARK D had sold 26,250 shares worth $1.98 million on Monday, August 15. The insider Lippert Keven K sold 8,750 shares worth $645,838.
Another recent and important ViaSat, Inc. (NASDAQ:VSAT) news was published by Benzinga.com which published an article titled: “ViaSat Share Offering Trumps Q2 Beat” on November 16, 2016.
VSAT Company Profile
ViaSat, Inc., incorporated on October 25, 1996, is engaged in broadband technologies and services. The Firm operates through three divisions: satellite services, commercial networks and government systems. The Company’s end-to-end platform of Ka-band satellites, ground infrastructure and user terminals enables it to provide broadband solutions to enterprises, clients and government users around the globe.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.