Viasat (NASDAQ:VSAT) Shares Acquired Rep. Debbie Wasserman Schultz

Representative Debbie Wasserman Schultz (D-Florida) recently bought shares of Viasat, Inc. (NASDAQ:VSAT). In a filing disclosed on November 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Viasat stock on October 23rd.

Representative Debbie Wasserman Schultz also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of New Gold (NYSE:NGD) on 11/18/2024.
• Purchased $1,001 – $15,000 in shares of Baxter International (NYSE:BAX) on 11/18/2024.
• Purchased $1,001 – $15,000 in shares of Patterson-UTI Energy (NASDAQ:PTEN) on 10/23/2024.

Viasat Stock Up 13.0 %

Shares of VSAT stock opened at $9.41 on Friday. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $29.11. The stock has a market cap of $1.21 billion, a P/E ratio of -3.02 and a beta of 1.37. The stock has a 50 day moving average of $10.51 and a 200 day moving average of $14.28. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28.

Viasat (NASDAQ:VSAT) last posted its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.53). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. Viasat’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned ($6.16) earnings per share. As a group, sell-side analysts expect that Viasat, Inc. will post -2.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VSAT. Vanguard Group Inc. raised its stake in Viasat by 2.9% during the first quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider’s stock worth $226,711,000 after purchasing an additional 348,166 shares during the period. UniSuper Management Pty Ltd purchased a new stake in shares of Viasat during the 1st quarter valued at approximately $348,000. CANADA LIFE ASSURANCE Co lifted its holdings in Viasat by 23.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 70,622 shares of the communications equipment provider’s stock valued at $1,277,000 after acquiring an additional 13,304 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Viasat by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 60,183 shares of the communications equipment provider’s stock worth $1,089,000 after acquiring an additional 3,712 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Viasat during the second quarter worth $293,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

VSAT has been the topic of a number of analyst reports. StockNews.com cut Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Bank of America dropped their price objective on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Needham & Company LLC reduced their target price on Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Barclays dropped their price target on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered Viasat from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Viasat has an average rating of “Hold” and a consensus price target of $18.33.

About Representative Wasserman Schultz

Debbie Wasserman Schultz (Democratic Party) is a member of the U.S. House, representing Florida’s 25th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2025. Wasserman Schultz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 25th Congressional District. She declared candidacy for the Democratic primary scheduled on August 20, 2024. Wasserman Schultz was first elected to the U.S. House in 2004 from District 20. She previously represented District 34 of the Florida State Senate from 2003 to 2004, District 32 of the Florida State Senate from 2001 to 2003, and District 97 of the Florida House of Representatives from 1993 to 2001. She served as one of the Chief Deputy Whips of the Democratic caucus for the 113th Congress. She also served as the chair of the Democratic National Committee. On July 24, 2016, Wasserman Schultz announced that she would resign her leadership position at the end of the party’s convention. Wasserman Schultz was considered a possible candidate in 2016 for U.S. Senate. However, she announced on March 17, 2015, that she would not seek the Senate seat and would instead run for re-election to the House. Debbie Wasserman Schultz was born in Forest Hills, New York. Wasserman Schultz graduated from Half Hollow Hills High School East in 1984. She earned a B.A. and M.A. from the University of Florida in 1988 and 1990, respectively. Wasserman Schultz’s career experience includes working as a staffer to former U.S. Representative Peter Deutsch.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.