Viasat (NASDAQ:VSAT) Upgraded by William Blair to Outperform Rating

Key Points

• Viasat's stock was upgraded from a "market perform" to an "outperform" rating by William Blair, signaling increased confidence from analysts in the company's prospects.
• Several firms have raised their price targets for Viasat, with Deutsche Bank setting it at $16.00, while B. Riley has reduced theirs to $52.00.
• Institutional investors hold approximately 86.05% of Viasat's stock, indicating strong institutional interest in the company.

Viasat (NASDAQ:VSAT - Get Free Report) was upgraded by investment analysts at William Blair from a "market perform" rating to an "outperform" rating in a note issued to investors on Monday,Briefing.com Automated Import reports.

Several other research firms have also recently weighed in on VSAT. Deutsche Bank Aktiengesellschaft lifted their price objective on Viasat from $14.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. B. Riley cut their price objective on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Finally, Needham & Company LLC cut 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Viasat presently has a consensus rating of "Moderate Buy" and an average price target of $19.00.

Viasat Stock Up 0.9%

Shares of Viasat stock opened at $16.58 on Monday. The company has a market capitalization of $2.23 billion, a P/E ratio of -3.73 and a beta of 1.20. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.72 and a quick ratio of 1.55. The business has a 50-day moving average of $13.32 and a two-hundred day moving average of $10.86. Viasat has a 1 year low of $6.69 and a 1 year high of $26.70.

Hedge Funds Weigh In On Viasat

A number of large investors have recently added to or reduced their stakes in VSAT. Public Employees Retirement System of Ohio boosted its stake in shares of Viasat by 15.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,753 shares of the communications equipment provider's stock worth $99,000 after buying an additional 888 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Viasat by 1.8% during the 2nd quarter. New York State Teachers Retirement System now owns 78,623 shares of the communications equipment provider's stock worth $1,148,000 after buying an additional 1,400 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Viasat by 2.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 52,738 shares of the communications equipment provider's stock worth $550,000 after buying an additional 1,494 shares during the last quarter. MAI Capital Management boosted its stake in shares of Viasat by 74.7% during the 1st quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider's stock worth $40,000 after buying an additional 1,640 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Viasat by 11.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,673 shares of the communications equipment provider's stock worth $174,000 after buying an additional 1,700 shares during the last quarter. 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.

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