B. Riley set a $15.00 price objective on KVH Industries (NASDAQ:KVHI) in a research note issued to investors on Monday, TipRanks reports. The firm currently has a buy rating on the communications equipment provider’s stock.
A number of other equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of KVH Industries from a buy rating to a hold rating in a report on Tuesday, March 5th. Raymond James set a $13.00 price objective on shares of KVH Industries and gave the company a buy rating in a report on Tuesday, March 5th. Needham & Company LLC reiterated a buy rating and issued a $13.00 price objective (down from $14.00) on shares of KVH Industries in a report on Friday, May 3rd. Chardan Capital set a $20.00 price objective on shares of KVH Industries and gave the company a buy rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of KVH Industries from a hold rating to a buy rating and set a $11.00 price objective on the stock in a report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $14.00.
Shares of KVHI opened at $9.90 on Monday. The firm has a market cap of $178.80 million, a P/E ratio of -82.50 and a beta of 0.76. KVH Industries has a 1-year low of $9.16 and a 1-year 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 for the quarter. The firm had revenue of $43.75 million for the quarter, compared to analyst estimates 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 predict that KVH Industries will post -0.27 earnings per share for the current year.
In other KVH Industries news, insider Robert J. Balog sold 2,379 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total value of $27,382.29. Following the transaction, the insider now directly owns 80,498 shares in the company, valued at $926,531.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Van Heyningen Martin Kits sold 5,166 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 801,752 shares in the company, valued at $9,228,165.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,542 shares of company stock worth $311,346. Corporate insiders own 11.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in KVHI. Moors & Cabot Inc. grew its stake in shares of KVH Industries by 96.1% in the first quarter. Moors & Cabot Inc. now owns 199,936 shares of the communications equipment provider’s stock valued at $2,028,000 after acquiring an additional 97,968 shares in the last quarter. White Pine Capital LLC acquired a new position in shares of KVH Industries in the first quarter valued at about $401,000. Renaissance Technologies LLC grew its stake in shares of KVH Industries by 7.8% in the first quarter. Renaissance Technologies LLC now owns 424,894 shares of the communications equipment provider’s stock valued at $4,330,000 after acquiring an additional 30,894 shares in the last quarter. B. Riley Financial Inc. acquired a new position in shares of KVH Industries in the first quarter valued at about $255,000. Finally, ETF Managers Group LLC acquired a new position in shares of KVH Industries in the fourth quarter valued at about $250,000. Institutional investors and hedge funds 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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