Stock Traders Buy Large Volume of Viasat Call Options (NASDAQ:VSAT)

Viasat, Inc. (NASDAQ:VSAT) was the target of some unusual options trading on Friday. Stock investors acquired 5,016 call options on the company. This represents an increase of 601% compared to the average daily volume of 716 call options.

Shares of VSAT traded down $1.08 during trading hours on Friday, hitting $49.75. 3,695 shares of the company were exchanged, compared to its average volume of 583,098. The company has a market capitalization of $3.65 billion, a PE ratio of 107.43, a PEG ratio of 88.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.05. The firm has a fifty day simple moving average of $50.75 and a 200-day simple moving average of $50.37. Viasat has a one year low of $29.82 and a one year high of $61.35.

Viasat (NASDAQ:VSAT) last announced its earnings results on Thursday, August 5th. The communications equipment provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.03 by $0.20. Viasat had a net margin of 1.38% and a return on equity of 1.36%. The company had revenue of $664.86 million during the quarter, compared to analysts’ expectations of $622.85 million. Sell-side analysts expect that Viasat will post 0.02 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors boosted its position in shares of Viasat by 376.0% in the second quarter. Arkadios Wealth Advisors now owns 714 shares of the communications equipment provider’s stock worth $35,000 after buying an additional 564 shares during the period. IFP Advisors Inc acquired a new stake in shares of Viasat in the second quarter worth $45,000. Eaton Vance Management acquired a new stake in shares of Viasat in the first quarter worth $48,000. Point72 Hong Kong Ltd acquired a new stake in shares of Viasat in the first quarter worth $56,000. Finally, FORA Capital LLC acquired a new stake in shares of Viasat during the first quarter worth approximately $66,000. Institutional investors own 85.16% of the company’s stock.

A number of equities analysts have commented on VSAT shares. Morgan Stanley upped their target price on Viasat from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, June 7th. Needham & Company LLC increased their price target on Viasat from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, August 9th. Raymond James increased their price target on Viasat from $67.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, August 6th. Finally, TheStreet raised Viasat from a “d+” rating to a “c” rating in a research note on Tuesday, May 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Viasat has a consensus rating of “Buy” and a consensus target price of $63.50.

About Viasat

ViaSat, Inc provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems. The Satellite Services segment provides satellite-based high-speed broadband services with multiple applications to consumers, enterprises, and mobile broadband customers (including commercial airlines and maritime vessels) both in the United States and abroad.

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