KVH Industries (NASDAQ:KVHI) has been assigned a $12.00 price objective by equities research analysts at Raymond James in a report released on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. Raymond James’ target price would indicate a potential upside of 21.09% from the stock’s previous close.
KVHI has been the topic of several other research reports. ValuEngine cut KVH Industries from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. B. Riley initiated coverage on KVH Industries in a report on Wednesday, March 6th. They issued a “buy” rating and a $15.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target (down previously from $14.00) on shares of KVH Industries in a report on Friday, May 3rd. Zacks Investment Research cut KVH Industries from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Finally, Chardan Capital set a $20.00 price target on KVH Industries and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.20.
Shares of NASDAQ:KVHI traded up $0.01 during midday trading on Friday, reaching $9.91. The company’s stock had a trading volume of 62,600 shares, compared to its average volume of 30,606. The firm has a market cap of $176.12 million, a PE ratio of -82.58 and a beta of 0.76. KVH Industries has a fifty-two week low of $9.16 and a fifty-two 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 posted its quarterly 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 net margin of 6.16% and a negative return on equity of 4.30%. On average, analysts anticipate that KVH Industries will post -0.27 EPS for the current fiscal year.
In other KVH Industries news, CEO Van Heyningen Martin Kits sold 3,293 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $10.21, for a total transaction of $33,621.53. Following the transaction, the chief executive officer now owns 809,567 shares in the company, valued at $8,265,679.07. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark Woodhead sold 2,347 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $11.51, for a total value of $27,013.97. Following the transaction, the executive vice president now owns 37,831 shares in the company, valued at approximately $435,434.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,542 shares of company stock worth $311,346. 11.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of KVHI. Moors & Cabot Inc. boosted its holdings in KVH Industries by 96.1% during the first quarter. Moors & Cabot Inc. now owns 199,936 shares of the communications equipment provider’s stock worth $2,028,000 after buying an additional 97,968 shares during the last quarter. White Pine Capital LLC bought a new position in KVH Industries during the first quarter worth about $401,000. Renaissance Technologies LLC boosted its holdings in KVH Industries by 7.8% during the first quarter. Renaissance Technologies LLC now owns 424,894 shares of the communications equipment provider’s stock worth $4,330,000 after buying an additional 30,894 shares during the last quarter. B. Riley Financial Inc. bought a new position in KVH Industries during the first quarter worth about $255,000. Finally, ETF Managers Group LLC bought a new position in KVH Industries during the fourth quarter worth about $250,000. Hedge funds and other institutional investors own 54.40% of the company’s stock.
About KVH Industries
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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