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.com reports. The brokerage presently has a $15.00 price objective on the communications equipment provider's stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 37.36% from the stock's previous close.

A number of other analysts have also recently weighed in on the company. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. William Blair reiterated a "market perform" rating on shares of Viasat in a research report on Friday, February 7th. Needham & Company LLC reissued a "buy" rating and set a $19.00 price target on shares of Viasat in a report on Monday, February 10th. Morgan Stanley decreased their price objective on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays lifted their target price on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Viasat has an average rating of "Hold" and an average target price of $14.57.

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Viasat Price Performance

Shares of NASDAQ:VSAT traded down $0.55 during midday trading on Monday, reaching $10.92. 2,015,438 shares of the company's stock were exchanged, compared to its average volume of 2,623,622. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. The company's 50 day simple moving average is $9.78 and its two-hundred day simple moving average is $9.96. Viasat has a 12 month low of $6.69 and a 12 month high of $26.70. The firm has a market capitalization of $1.41 billion, a PE ratio of -3.25 and a beta of 1.38.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts expect that Viasat will post -0.54 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm'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 transaction, the insider now owns 4,795,334 shares in the company, valued at $43,158,006. This trade represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by insiders.

Institutional Trading of Viasat

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in shares of Viasat by 75.3% during the 4th 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 period. National Bank of Canada FI acquired a new stake in Viasat during the 3rd quarter worth $27,000. Point72 Hong Kong Ltd acquired a new stake in Viasat during the 3rd quarter worth $28,000. Venturi Wealth Management LLC bought a new stake in shares of Viasat during the 4th quarter valued at $31,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Viasat by 850.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after purchasing an additional 3,546 shares during the period. 86.05% of the stock is owned by institutional investors.

About Viasat

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.