The stock of Viasat, Inc (NASDAQ:VSAT) last traded at $9.41, up 12.97% from the previous session.
VSAT stock price is now -10.43% away from the 50-day moving average and -38.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.36B.
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With the price target reduced from $28 to $19, Needham maintained Buy rating for Viasat, Inc (NASDAQ: VSAT). On September 17, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $29 to quote $15, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, BALDRIDGE RICHARD A, Director bought 55,000 shares of the company’s stock on Sep 12 ’24. The stock was bought for $820,000 at an average price of $14.91. Upon completion of the transaction, the Director now directly owns 55,000 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, CPP Investment Board Private H sold 2,811,442 shares of the business’s stock. A total of $55,947,696 was realized by selling the stock at an average price of $19.90. This leaves the insider owning 8,545,334 shares of the company worth $80.41 million. A total of 16.50% of the company’s stock is owned by insiders.
During the past 12 months, Viasat, Inc has had a low of $6.69 and a high of $29.11. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 1.44, and a quick ratio of 1.34. The fifty day moving average price for VSAT is $10.5064 and a two-hundred day moving average price translates $15.2965 for the stock.
The latest earnings results from Viasat, Inc (NASDAQ: VSAT) was released for 2024-09-30. The net profit margin was -8.49% and return on equity was -7.60% for VSAT. The company reported revenue of $1.12 billion for the quarter, compared to $1.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.42 percent.
