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

Viasat (NASDAQ:VSAT - Get Free Report) had its target price lifted by research analysts at Deutsche Bank Aktiengesellschaft from $14.00 to $16.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the communications equipment provider's stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 24.13% from the stock's current price.

A number of other brokerages have also recently weighed in on VSAT. Barclays lifted their price objective on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. B. Riley dropped their price target 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. William Blair reiterated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Wall Street Zen upgraded Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Needham & Company LLC lowered their target price on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Viasat has an average rating of "Hold" and an average price target of $19.00.

Viasat Trading Down 3.2%

NASDAQ VSAT traded down $0.42 on Tuesday, reaching $12.89. The stock had a trading volume of 3,788,234 shares, compared to its average volume of 3,070,068. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -2.90 and a beta of 0.98. The company has a quick ratio of 1.55, a current ratio of 1.72 and a debt-to-equity ratio of 1.41. Viasat has a 12-month low of $6.69 and a 12-month high of $26.70. The stock has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $9.56.

Hedge Funds Weigh In On Viasat

Several large investors have recently bought and sold shares of VSAT. Strs Ohio acquired a new position in shares of Viasat during the 1st quarter worth about $105,000. Intech Investment Management LLC boosted its position in shares of Viasat by 581.1% in the 1st quarter. Intech Investment Management LLC now owns 353,100 shares of the communications equipment provider's stock valued at $3,679,000 after purchasing an additional 301,257 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Viasat during the first quarter worth approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Viasat by 69.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 252,466 shares of the communications equipment provider's stock valued at $2,631,000 after buying an additional 103,396 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Viasat by 6.9% in the 1st quarter. Empowered Funds LLC now owns 226,184 shares of the communications equipment provider's stock valued at $2,357,000 after purchasing an additional 14,575 shares during the last quarter. 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.