KVH Industries (KVHI) Given a $20.00 Price Target by Chardan Capital Analysts

Chardan Capital set a $20.00 price target on KVH Industries (NASDAQ:KVHI) in a report published on Tuesday, TipRanks reports. The firm currently has a buy rating on the communications equipment provider’s stock.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of KVH Industries from a hold rating to a buy rating and set a $11.00 price target for the company in a report on Thursday, May 9th. Raymond James set a $13.00 price objective on shares of KVH Industries and gave the stock a buy rating in a report on Tuesday, March 5th. ValuEngine upgraded shares of KVH Industries from a hold rating to a buy rating in a report on Monday, March 11th. B. Riley assumed coverage on shares of KVH Industries in a report on Wednesday, March 6th. They issued a buy rating and a $15.00 price objective for the company. Finally, Needham & Company LLC restated 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. KVH Industries currently has a consensus rating of Buy and a consensus target price of $14.20.

NASDAQ:KVHI opened at $9.91 on Tuesday. KVH Industries has a 52 week low of $9.16 and a 52 week high of $14.15. 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 firm has a market cap of $177.19 million, a P/E ratio of -82.58 and a beta of 0.76.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings results on Friday, March 1st. The communications equipment provider reported ($0.03) EPS for the quarter. KVH Industries had a negative net margin of 6.16% and a negative return on equity of 4.30%. The firm had revenue of $43.75 million for the quarter, compared to the consensus estimate of $46.08 million. Equities research analysts expect that KVH Industries will post -0.27 EPS for the current fiscal year.

In other KVH Industries news, 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 value of $59,460.66. Following the completion of the transaction, the chief executive officer now directly owns 801,752 shares in the company, valued at approximately $9,228,165.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Woodhead sold 2,347 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $11.51, for a total transaction of $27,013.97. Following the completion of the transaction, the executive vice president now owns 37,831 shares of the company’s stock, valued at $435,434.81. The disclosure for this sale can be found here. Insiders sold a total of 28,542 shares of company stock valued at $311,346 over the last 90 days. Company insiders own 11.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in KVHI. BNP Paribas Arbitrage SA grew its position 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 period. Bank of America Corp DE grew its position 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 period. Pitcairn Co. grew its position 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 worth $213,000 after buying an additional 4,352 shares during the period. Rhumbline Advisers grew its position 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 period. Finally, ETF Managers Group LLC purchased a new stake in shares of KVH Industries in the 4th quarter worth about $250,000. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

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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