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

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

Several other equities research analysts have also recently commented on VSAT. Barclays boosted their price objective on shares of Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Wall Street Zen upgraded Viasat from a “sell” rating to a “hold” rating in a report on Friday, March 7th. William Blair reissued a “market perform” rating on shares of Viasat in a research report on Tuesday, April 15th. B. Riley decreased 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. Finally, Needham & Company LLC cut their price objective on shares of Viasat from $19.00 to $16.00 and set a “buy” rating on the stock in a research report 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 company. According to data from MarketBeat, Viasat presently has a consensus rating of “Hold” and an average target price of $19.00.

Viasat Trading Up 0.8%

Shares of Viasat stock traded up $0.10 during trading hours on Tuesday, hitting $13.19. The company’s stock had a trading volume of 1,834,280 shares, compared to its average volume of 3,046,755. 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 company has a market capitalization of $1.72 billion, a PE ratio of -3.94 and a beta of 0.98. The stock has a 50 day moving average of $9.53 and a 200 day moving average of $9.46. Viasat has a 12 month low of $6.69 and a 12 month high of $26.70.

Hedge Funds Weigh In On Viasat

A number of hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC lifted its stake in Viasat by 39.0% in the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 1,267 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Viasat by 2.9% in the first 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 in the last quarter. MAI Capital Management raised its position in shares of Viasat by 74.7% in the first 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 in the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Viasat by 11.4% during the first 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 in the last quarter. 86.05% of the stock is currently owned by institutional investors.

About Viasat

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.