Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Viasat (NASDAQ:VSAT) Stock

Viasat (NASDAQ:VSAT) had its price target boosted by analysts at Deutsche Bank Aktiengesellschaft from $14.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 20.21% from the company’s current price.

A number of other research analysts have also issued reports on VSAT. Wall Street Zen raised Viasat from a “sell” rating to a “hold” rating in a report on Friday, March 7th. B. Riley dropped their target price on Viasat from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, May 27th. William Blair reissued a “market perform” rating on shares of Viasat in a report on Tuesday, April 15th. Barclays boosted their target price on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC dropped their price objective on Viasat from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.00.

Viasat Trading Up 1.1%

NASDAQ:VSAT opened at $13.31 on Tuesday. The firm has a market cap of $1.73 billion, a P/E ratio of -2.99 and a beta of 0.98. The company has a current ratio of 1.72, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41. The stock’s 50 day simple moving average is $9.71 and its 200-day simple moving average is $9.51. Viasat has a 12-month low of $6.69 and a 12-month high of $26.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in Viasat by 26.4% in the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider’s stock valued at $10,460,000 after purchasing an additional 256,389 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Viasat by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider’s stock valued at $3,516,000 after purchasing an additional 12,802 shares during the last quarter. Vanguard Group Inc. grew its holdings in Viasat by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider’s stock valued at $117,216,000 after purchasing an additional 194,006 shares during the last quarter. Mariner LLC acquired a new stake in Viasat in the fourth quarter valued at $682,000. Finally, Federated Hermes Inc. acquired a new stake in Viasat in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

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.