Viasat Downgraded to Reduce as Shares Hit $64.92 High, Options Surge
Raymond James issued a Reduce rating as Viasat shares traded at $63.98 and insiders sold $3.7M in the last three months. Despite the downgrade, shares surged to a 52-week high of $64.92 with call option volume up 810% (41,000 contracts), while valuation shows a 228% premium over intrinsic value.
1. Analyst Downgrade and Insider Sales
Raymond James cut Viasat to a Reduce rating while shares traded at $63.98, and insiders have sold $3.7 million of stock over the past three months, including $134,000 by the chief accounting officer.
2. Stock Performance and Options Activity
Viasat shares gained 2.05% to trade at $64.14 and peaked at a 52-week high of $64.92, supported by a surge in call option volume to 41,000 contracts, an 810% increase over average.
3. Valuation Premium and GF Score
Valuation metrics indicate Viasat trades at a 228% premium to its estimated $18.27 intrinsic value, and the company holds a GF Score of 58 out of 100, suggesting only average performance prospects.