Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Viasat (NASDAQ:VSAT) Stock Price

Viasat (NASDAQ:VSAT) had its price target upped by Deutsche Bank Aktiengesellschaft from $14.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 21.30% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Barclays lifted their price objective on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. William Blair restated a “market perform” rating on shares of Viasat in a report on Tuesday, April 15th. B. Riley reduced their target price on shares of Viasat from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of Viasat from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Needham & Company LLC reduced their price objective on shares of Viasat from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Viasat currently has an average rating of “Hold” and an average price target of $19.00.

Viasat Stock Up 0.8%

Shares of NASDAQ VSAT traded up $0.10 during trading on Tuesday, reaching $13.19. 1,834,280 shares of the stock were exchanged, compared to its average volume of 3,046,755. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -3.94 and a beta of 0.98. The business’s 50-day moving average price is $9.53 and its 200 day moving average price is $9.46. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. Viasat has a twelve month low of $6.69 and a twelve month high of $26.70.

Hedge Funds Weigh In On Viasat

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Viasat by 26.4% during the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider’s stock worth $10,460,000 after purchasing an additional 256,389 shares during the last quarter. Principal Financial Group Inc. boosted its position in Viasat by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider’s stock valued at $3,516,000 after buying an additional 12,802 shares during the last quarter. Vanguard Group Inc. lifted its position in Viasat by 1.4% during the 4th 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 period. Mariner LLC acquired a new position in Viasat in the fourth quarter valued at approximately $682,000. Finally, Federated Hermes Inc. bought a new position in Viasat in the fourth quarter valued at approximately $42,000. 86.05% of the stock is owned by institutional investors.

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.