Viasat (NASDAQ:VSAT) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Viasat (NASDAQ:VSAT) from a hold rating to a buy rating in a report issued on Monday morning, Marketbeat Ratings reports. They currently have $15.00 target price on the communications equipment provider’s stock.

Several other analysts also recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 target price on shares of Viasat in a report on Monday, February 10th. William Blair reaffirmed a “market perform” rating on shares of Viasat in a research note on Friday, February 7th. Morgan Stanley decreased their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Cantor Fitzgerald initiated coverage on Viasat in a research report on Friday, January 24th. They issued a “neutral” rating and a $12.00 target price for the company. Finally, StockNews.com raised shares of Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.57.

Viasat Trading Up 14.4 %

Shares of Viasat stock opened at $11.19 on Monday. Viasat has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. 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 firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -3.33 and a beta of 1.38. The stock has a 50 day moving average of $9.53 and a 200 day moving average of $10.01.

Viasat (NASDAQ:VSAT) last posted its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) EPS 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%. As a group, research analysts predict that Viasat will post -0.54 earnings per share for the current year.

Insider Activity

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $9.00, for a total value of $33,750,000.00. Following the sale, the insider now directly owns 4,795,334 shares in the company, valued at approximately $43,158,006. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Viasat

A number of institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its holdings in 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 last quarter. National Bank of Canada FI purchased a new position in shares of Viasat in the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd acquired a new stake in shares of Viasat during the 3rd quarter worth about $28,000. Venturi Wealth Management LLC purchased a new stake in Viasat during the fourth quarter worth approximately $31,000. Finally, Sterling Capital Management LLC boosted its holdings in Viasat by 850.4% in the fourth 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 in 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.