Viasat (NASDAQ:VSAT) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Viasat (NASDAQ:VSAT - Get Free Report) was upgraded by Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research note issued on Monday, Marketbeat Ratings reports. The firm presently has a $15.00 target price on the communications equipment provider's stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 28.10% from the stock's previous close.

Several other analysts have also recently weighed in on VSAT. Morgan Stanley reduced their price target on Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. William Blair reissued a "market perform" rating on shares of Viasat in a report on Friday, February 7th. StockNews.com upgraded shares of Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Cantor Fitzgerald started coverage on shares of Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 price target on the stock. Finally, Needham & Company LLC restated a "buy" rating and issued a $19.00 price objective on shares of Viasat in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Viasat currently has a consensus rating of "Hold" and an average target price of $14.57.

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Viasat Price Performance

Shares of VSAT stock traded up $0.52 on Monday, hitting $11.71. 3,545,953 shares of the company's stock were exchanged, compared to its average volume of 2,572,865. The company has a 50 day moving average of $9.61 and a 200 day moving average of $9.97. The stock has a market cap of $1.51 billion, a P/E ratio of -3.49 and a beta of 1.38. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. Viasat has a 12 month low of $6.69 and a 12 month high of $26.70.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. On average, equities research analysts predict that Viasat will post -0.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $9.00, for a total value of $33,750,000.00. Following the completion of the sale, the insider now directly owns 4,795,334 shares of the company's stock, valued at $43,158,006. The trade was a 43.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Viasat

Hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of Viasat during the third quarter worth approximately $27,000. Point72 Hong Kong Ltd bought a new stake in Viasat during the 3rd quarter valued at $28,000. Steward Partners Investment Advisory LLC raised its holdings in Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after buying an additional 1,267 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Viasat in the fourth quarter valued at $31,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Viasat by 850.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after buying an additional 3,546 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

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.