Viasat (NASDAQ:VSAT) Receives Hold Rating from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank has reaffirmed a "hold" rating for Viasat (NASDAQ:VSAT), indicating a cautious outlook on the stock following recent market analyses.
• Viasat's stock performance has been mixed, with a recent trading price of $27.82 and a consensus target price of $21.13 among analysts.
• The company's latest quarterly earnings showed an EPS of $0.17, surpassing expectations and demonstrating a 4% year-over-year revenue growth.

Viasat (NASDAQ:VSAT - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Thursday, MarketBeat Ratings reports.

VSAT has been the subject of a number of other reports. 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 report on Tuesday, May 27th. William Blair upgraded shares of Viasat from a "market perform" rating to an "outperform" rating in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Viasat from $10.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Needham & Company LLC boosted their price target on shares of Viasat from $16.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.13.

Viasat Stock Performance

Shares of VSAT stock opened at $27.82 on Thursday. Viasat has a 12-month low of $6.69 and a 12-month high of $28.59. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -6.02 and a beta of 1.20. The business has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $11.12. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.72 and a quick ratio of 1.55.

Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.32. Viasat had a negative return on equity of 6.29% and a negative net margin of 13.11%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company posted $0.30 EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Viasat will post -0.54 EPS for the current year.

Institutional Trading of Viasat

Institutional investors have recently made changes to their positions in the stock. Mariner LLC acquired a new stake in shares of Viasat during the fourth quarter worth approximately $682,000. Federated Hermes Inc. bought a new position in Viasat during the fourth quarter valued at approximately $42,000. GAMMA Investing LLC raised its position in Viasat by 1,951.4% during the first quarter. GAMMA Investing LLC now owns 22,955 shares of the communications equipment provider's stock valued at $2,203,000 after acquiring an additional 21,836 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Viasat by 43.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 149,070 shares of the communications equipment provider's stock valued at $1,269,000 after acquiring an additional 44,804 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Viasat by 149.6% during the fourth quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider's stock valued at $11,618,000 after acquiring an additional 818,301 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

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.

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