KVH Industries (NASDAQ:KVHI) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, ValuEngine reports.

A number of other research firms have also recently weighed in on KVHI. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective (up previously from $140.00) on shares of Universal Display in a research report on Friday, May 3rd. B. Riley set a $13.00 price objective on shares of Audioeye and gave the stock a “buy” rating in a research report on Monday, May 13th. Raymond James set a $12.00 price objective on shares of KVH Industries and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Chardan Capital set a $25.00 target price on shares of Tocagen and gave the stock a “buy” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.20.

NASDAQ:KVHI opened at $10.23 on Wednesday. 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 market cap of $186.76 million, a PE ratio of -85.25 and a beta of 0.87. The business’s 50 day moving average is $10.09. KVH Industries has a fifty-two week low of $9.09 and a fifty-two week high of $13.20.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.06). The company had revenue of $39.97 million for the quarter, compared to analysts’ expectations of $42.06 million. KVH Industries had a negative return on equity of 4.30% and a negative net margin of 6.16%. On average, equities analysts predict 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 stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $9.40, for a total transaction of $25,154.40. Following the sale, the chief executive officer now directly owns 841,105 shares in the company, valued at approximately $7,906,387. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 10,375 shares of company stock worth $101,534. 11.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew 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 worth $237,000 after buying an additional 7,022 shares during the last quarter. BlackRock Inc. grew its stake in shares of KVH Industries by 1.6% in the 4th quarter. BlackRock Inc. now owns 1,209,227 shares of the communications equipment provider’s stock worth $12,443,000 after buying an additional 19,010 shares during the last quarter. Geode Capital Management LLC grew 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 worth $1,473,000 after buying an additional 7,300 shares during the last quarter. Bank of America Corp DE grew 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 worth $152,000 after buying an additional 3,999 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew 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 worth $35,000 after buying an additional 2,938 shares during the last quarter. Institutional investors own 55.06% 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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