KVH Industries (KVHI) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of KVH Industries (NASDAQ:KVHI) in a report published on Friday morning, Briefing.com Automated Import reports. Needham & Company LLC currently has a $13.00 target price on the communications equipment provider’s stock, down from their prior target price of $14.00.

Several other brokerages also recently weighed in on KVHI. ValuEngine downgraded KVH Industries from a buy rating to a hold rating in a report on Friday, March 22nd. Raymond James set a $13.00 price target on KVH Industries and gave the stock a buy rating in a report on Tuesday, March 5th. Finally, B. Riley initiated coverage on KVH Industries in a report on Wednesday, March 6th. They issued a buy rating and a $15.00 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $14.60.

Shares of NASDAQ KVHI opened at $9.92 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.98. KVH Industries has a 1-year low of $9.16 and a 1-year high of $14.15. The firm has a market cap of $178.34 million, a P/E ratio of -82.67 and a beta of 0.76.

KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings results on Friday, March 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter. KVH Industries had a negative return on equity of 4.24% and a negative net margin of 6.16%. The company had revenue of $43.75 million for the quarter, compared to analyst estimates of $46.08 million. On average, sell-side analysts predict that KVH Industries will post -0.15 earnings per share 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 on Wednesday, March 27th. The stock was sold at an average price of $10.21, for a total value of $33,621.53. Following the completion of the sale, the chief executive officer now owns 809,567 shares of the company’s stock, valued at $8,265,679.07. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark Woodhead sold 2,347 shares of the firm’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 $27,013.97. Following the completion of the sale, the executive vice president now directly owns 37,831 shares of the company’s stock, valued at approximately $435,434.81. The disclosure for this sale can be found here. In the last three months, insiders sold 30,306 shares of company stock valued at $331,491. 11.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of KVH Industries by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,315,609 shares of the communications equipment provider’s stock valued at $17,234,000 after buying an additional 11,527 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its position in shares of KVH Industries by 4.7% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 224,533 shares of the communications equipment provider’s stock valued at $2,310,000 after buying an additional 10,021 shares in the last quarter. Rhumbline Advisers increased its position in shares of KVH Industries by 44.0% in the fourth quarter. Rhumbline Advisers now owns 22,987 shares of the communications equipment provider’s stock valued at $237,000 after buying an additional 7,022 shares in the last quarter. Vanguard Group Inc increased its position in shares of KVH Industries by 0.6% in 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 in the last quarter. Finally, Pitcairn Co. increased its position in shares of KVH Industries by 26.6% in the fourth quarter. Pitcairn Co. now owns 20,683 shares of the communications equipment provider’s stock valued at $213,000 after buying an additional 4,352 shares in the last quarter. 54.56% of the stock is owned by institutional investors.

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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