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.
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.
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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