The stock of ViaSat, Inc. (NASDAQ:VSAT) is a huge mover today! About 2.18M shares traded hands or 556.27% up from the average. ViaSat, Inc. (NASDAQ:VSAT) has declined 4.08% since April 18, 2016 and is downtrending. It has underperformed by 8.51% the S&P500.
The move comes after 5 months positive chart setup for the $3.13B company. It was reported on Nov, 18 by Barchart.com. We have $116.21 PT which if reached, will make NASDAQ:VSAT worth $1.85 billion more.
ViaSat, Inc. (NASDAQ:VSAT) Ratings Coverage
Out of 4 analysts covering ViaSat (NASDAQ:VSAT), 0 rate it a “Buy”, 3 “Sell”, while 1 “Hold”. This means 0 are positive. ViaSat has been the topic of 4 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Tuesday, October 13 by Wells Fargo. The firm earned “Sell” rating on Wednesday, November 9 by Wunderlich. The rating was downgraded by Macquarie Research on Wednesday, November 16 to “Underperform”. The stock has “Sell” rating given by Drexel Hamilton on Monday, May 23.
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 increased to 1.57 in Q2 2016. Its up 0.41, from 1.16 in 2016Q1. The ratio is positive, 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.
Needham Inv Management Ltd Liability Corporation owns 252,000 shares or 4.97% of their US portfolio. Millennium Mngmt Ltd Company holds 0.08% or 484,925 shares in its portfolio. Amalgamated Bancorp holds 5,392 shares or 0.02% of its portfolio. Teachers Advsrs holds 0.01% of its portfolio in ViaSat, Inc. (NASDAQ:VSAT) for 72,893 shares. Jpmorgan Chase Co last reported 133 shares in the company. Moreover, 1832 Asset Mngmt Limited Partnership has 0.16% invested in ViaSat, Inc. (NASDAQ:VSAT) for 558,993 shares. Tiaa Cref Investment Mngmt Limited Com owns 137,144 shares or 0.01% of their US portfolio. Great West Life Assurance Can reported 4,731 shares or 0% of all its holdings. Thompson Davis & accumulated 0.04% or 375 shares. Bankshares Of Ny Mellon has 0.01% invested in the company for 458,776 shares. Wells Fargo & Company Mn last reported 19,493 shares in the company. Highvista Strategies Llc reported 46,182 shares or 0.63% of all its holdings. Citigroup Incorporated has invested 0% of its portfolio in ViaSat, Inc. (NASDAQ:VSAT). State Treasurer State Of Michigan reported 18,100 shares or 0.01% of all its holdings. Nationwide Fund holds 0.03% of its portfolio in ViaSat, Inc. (NASDAQ:VSAT) for 105,392 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 14 selling transactions for $11.73 million net activity. STENBIT JOHN P also sold $51,548 worth of ViaSat, Inc. (NASDAQ:VSAT) on Monday, August 1. 26,250 ViaSat, Inc. (NASDAQ:VSAT) shares with value of $1.96 million were sold by DANKBERG MARK D. Peterman Ken Allen sold $513,445 worth of stock or 6,563 shares. BALDRIDGE RICHARD A also sold $1.31 million worth of ViaSat, Inc. (NASDAQ:VSAT) shares. WHITE HARVEY had sold 2,800 shares worth $198,212 on Wednesday, June 15. Lippert Keven K sold $645,838 worth of stock.
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.