Shares of KVH Industries, Inc. (NASDAQ:KVHI) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $14.75.

KVHI has been the topic of a number of recent analyst reports. Chardan Capital reiterated a “buy” rating and issued a $20.00 target price on shares of KVH Industries in a research note on Monday, August 5th. TheStreet downgraded KVH Industries from a “c-” rating to a “d+” rating in a research report on Tuesday, August 13th. B. Riley set a $15.00 price target on KVH Industries and gave the stock a “buy” rating in a research report on Friday, August 2nd. ValuEngine raised KVH Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 17th. Finally, Zacks Investment Research raised KVH Industries from a “sell” rating to a “hold” rating in a research report on Wednesday.

KVHI stock traded down $0.17 during midday trading on Thursday, reaching $9.99. The company’s stock had a trading volume of 25,249 shares, compared to its average volume of 36,074. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 2.50. The stock has a fifty day simple moving average of $10.03 and a two-hundred day simple moving average of $9.92. KVH Industries has a 1 year low of $8.64 and a 1 year high of $12.99. The firm has a market capitalization of $183.16 million, a price-to-earnings ratio of -83.25 and a beta of 0.92.

KVH Industries (NASDAQ:KVHI) last released its earnings results on Friday, August 2nd. The communications equipment provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). KVH Industries had a negative return on equity of 6.13% and a net margin of 22.83%. The business had revenue of $41.00 million during the quarter, compared to analysts’ expectations of $40.32 million. As a group, analysts forecast that KVH Industries will post -0.64 EPS for the current fiscal year.

In other news, CMO Elizabeth Jackson sold 2,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $10.10, for a total transaction of $25,250.00. Following the transaction, the chief marketing officer now owns 31,552 shares of the company’s stock, valued at approximately $318,675.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 5,954 shares of company stock worth $59,134 in the last three months. Corporate insiders own 11.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Systematic Financial Management LP increased its stake in shares of KVH Industries by 1.0% in the second quarter. Systematic Financial Management LP now owns 1,762,943 shares of the communications equipment provider’s stock worth $19,163,000 after buying an additional 17,240 shares during the period. Wells Fargo & Company MN boosted its holdings in KVH Industries by 18.6% in the second quarter. Wells Fargo & Company MN now owns 29,941 shares of the communications equipment provider’s stock valued at $325,000 after acquiring an additional 4,685 shares in the last quarter. Delek Group Ltd. bought a new stake in KVH Industries in the second quarter valued at $649,000. Panagora Asset Management Inc. boosted its holdings in KVH Industries by 1,464.8% in the second quarter. Panagora Asset Management Inc. now owns 20,561 shares of the communications equipment provider’s stock valued at $223,000 after acquiring an additional 19,247 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in KVH Industries by 11.8% in the second quarter. Pitcairn Co. now owns 25,482 shares of the communications equipment provider’s stock valued at $277,000 after acquiring an additional 2,681 shares in the last quarter. 56.30% 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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