Viasat (NASDAQ:VSAT) Upgraded at Deutsche Bank Aktiengesellschaft

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

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

Viasat Stock Performance

NASDAQ:VSAT opened at $11.55 on Monday. Viasat has a 12 month low of $6.69 and a 12 month high of $26.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The firm has a market capitalization of $1.49 billion, a PE ratio of -3.44 and a beta of 1.38. The business’s fifty day moving average price is $9.68 and its 200 day moving average price is $9.98.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data 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%. On average, sell-side analysts anticipate that Viasat will post -0.54 earnings per share for the current fiscal year.

Insider Transactions at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the sale, the insider now owns 4,795,334 shares in the company, valued at $43,158,006. This represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Viasat

Large investors have recently bought and sold shares of the company. Algert Global LLC increased its stake in shares of Viasat by 361.3% during the third quarter. Algert Global LLC now owns 77,880 shares of the communications equipment provider’s stock worth $930,000 after acquiring an additional 60,998 shares during the period. Everett Harris & Co. CA purchased a new stake in Viasat in the 4th quarter valued at approximately $1,111,000. Principal Financial Group Inc. increased its position in Viasat by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider’s stock worth $3,516,000 after purchasing an additional 12,802 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Viasat by 115.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 282,475 shares of the communications equipment provider’s stock worth $3,373,000 after buying an additional 151,590 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Viasat in the 3rd quarter valued at approximately $1,980,000. Hedge funds and other institutional investors 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.