KVH Industries (KVHI) – Analysts’ Recent Ratings Changes

KVH Industries (NASDAQ: KVHI) has recently received a number of price target changes and ratings updates:

  • 5/14/2019 – KVH Industries was given a new $20.00 price target on by analysts at Chardan Capital. They now have a “buy” rating on the stock.
  • 5/13/2019 – KVH Industries was given a new $15.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 5/10/2019 – KVH Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KVH Europe A/S is a wholly owned subsidiary of USA-based KVH Industries, Inc. KVH is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than one lakhs mobile satellite antennas for applications on boats, RVs, trucks, buses, and automobiles. KVH Europe is the preferred supplier of marine satellite TV systems to leading powerboat builders like Sunseeker, Princess, Fairline, Rodriquez, Azimut, and Astondoa. KVH’s mission is to connect mobile customers with the same digital television entertainment, communications, and Internet services that they enjoy in their home and offices. “
  • 5/9/2019 – KVH Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “KVH Europe A/S is a wholly owned subsidiary of USA-based KVH Industries, Inc. KVH is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than one lakhs mobile satellite antennas for applications on boats, RVs, trucks, buses, and automobiles. KVH Europe is the preferred supplier of marine satellite TV systems to leading powerboat builders like Sunseeker, Princess, Fairline, Rodriquez, Azimut, and Astondoa. KVH’s mission is to connect mobile customers with the same digital television entertainment, communications, and Internet services that they enjoy in their home and offices. “
  • 5/6/2019 – KVH Industries had its price target lowered by analysts at Raymond James from $13.00 to $11.00. They now have an “outperform” rating on the stock.
  • 5/3/2019 – KVH Industries had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $13.00 price target on the stock, down previously from $14.00.
  • 3/22/2019 – KVH Industries was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of NASDAQ KVHI traded down $0.10 during midday trading on Thursday, hitting $9.96. The stock had a trading volume of 1,357 shares, compared to its average volume of 30,351. The company has a market cap of $178.80 million, a PE ratio of -83.00 and a beta of 0.76. KVH Industries, Inc. has a 52 week low of $9.16 and a 52 week high of $14.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.78 and a current ratio of 1.18.

KVH Industries (NASDAQ:KVHI) last issued its earnings results on Friday, March 1st. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $43.75 million during the quarter, compared to the consensus estimate of $46.08 million. KVH Industries had a negative return on equity of 4.30% and a negative net margin of 6.16%. On average, analysts forecast that KVH Industries, Inc. will post -0.27 earnings per share for the current fiscal year.

In related news, insider Robert J. Balog sold 2,379 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total transaction of $27,382.29. Following the transaction, the insider now owns 80,498 shares in the company, valued at $926,531.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Van Heyningen Martin Kits sold 5,166 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total transaction of $59,460.66. Following the sale, the chief executive officer now directly owns 801,752 shares of the company’s stock, valued at $9,228,165.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,542 shares of company stock worth $311,346. 11.30% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its holdings in KVH Industries by 565.0% during the first quarter. BNP Paribas Arbitrage SA now owns 3,458 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 2,938 shares during the last quarter. Northern Trust Corp increased its holdings in KVH Industries by 1.6% during the first quarter. Northern Trust Corp now owns 210,030 shares of the communications equipment provider’s stock valued at $2,140,000 after buying an additional 3,311 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in KVH Industries by 10.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 39,626 shares of the communications equipment provider’s stock valued at $404,000 after buying an additional 3,826 shares during the last quarter. Bank of America Corp DE increased its holdings in KVH Industries by 37.4% during the fourth quarter. Bank of America Corp DE now owns 14,693 shares of the communications equipment provider’s stock valued at $152,000 after buying an additional 3,999 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in KVH Industries by 0.6% during the third quarter. Vanguard Group Inc now owns 669,605 shares of the communications equipment provider’s stock valued at $8,772,000 after buying an additional 4,081 shares during the last quarter. 54.40% of the stock is owned by institutional investors and hedge funds.

KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.

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