Shares of KVH Industries, Inc. (NASDAQ:KVHI) have been given a consensus rating of “Buy” by the six research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.00.
A number of equities analysts have weighed in on KVHI shares. B. Riley set a $13.00 price objective on Audioeye and gave the stock a “buy” rating in a research note on Monday, May 13th. Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Chardan Capital set a $25.00 price objective on Tocagen and gave the stock a “buy” rating in a research note on Tuesday, May 14th. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective (up previously from $140.00) on shares of Universal Display in a research note on Friday, May 3rd.
Shares of NASDAQ:KVHI traded up $0.29 during trading on Tuesday, reaching $10.39. The stock had a trading volume of 26,320 shares, compared to its average volume of 30,637. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 0.78. The stock has a fifty day moving average of $10.00. KVH Industries has a 1-year low of $9.09 and a 1-year high of $13.25.
KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.06). The firm had revenue of $39.97 million during the quarter, compared to analyst estimates of $42.06 million. KVH Industries had a negative return on equity of 4.30% and a negative net margin of 6.16%. As a group, analysts expect that KVH Industries will post -0.27 earnings per share for the current year.
In other KVH Industries news, CEO Van Heyningen Martin Kits sold 2,676 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $9.40, for a total transaction of $25,154.40. Following the transaction, the chief executive officer now owns 841,105 shares of the company’s stock, valued at $7,906,387. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 10,375 shares of company stock worth $101,534 in the last three months. 11.30% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in shares of KVH Industries by 565.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,458 shares of the communications equipment provider’s stock valued at $35,000 after purchasing an additional 2,938 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of KVH Industries by 37.4% in the 4th quarter. Bank of America Corp DE now owns 14,693 shares of the communications equipment provider’s stock valued at $152,000 after purchasing an additional 3,999 shares during the last quarter. Pitcairn Co. lifted its stake in shares of KVH Industries by 26.6% in the 4th quarter. Pitcairn Co. now owns 20,683 shares of the communications equipment provider’s stock valued at $213,000 after purchasing an additional 4,352 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of KVH Industries by 44.0% in the 4th quarter. Rhumbline Advisers now owns 22,987 shares of the communications equipment provider’s stock valued at $237,000 after purchasing an additional 7,022 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of KVH Industries by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 143,197 shares of the communications equipment provider’s stock valued at $1,473,000 after purchasing an additional 7,300 shares during the last quarter. 55.06% of the stock is currently owned by institutional investors and hedge funds.
KVH Industries Company Profile
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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