KVH Industries (NASDAQ:KVHI) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

KVH Industries (NASDAQ:KVHI – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of KVH Industries in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Get Our Latest Research Report on KVH Industries

KVH Industries Stock Performance

Shares of KVHI stock opened at $7.09 on Friday. The stock’s 50-day moving average is $6.64 and its two-hundred day moving average is $6.24. The firm has a market cap of $138.11 million, a price-to-earnings ratio of -18.66 and a beta of 0.72. KVH Industries has a 1 year low of $4.69 and a 1 year high of $7.71.

Insider Activity at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff bought 30,000 shares of KVH Industries stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $6.26 per share, with a total value of $187,800.00. Following the completion of the acquisition, the insider owned 2,180,000 shares of the company’s stock, valued at approximately $13,646,800. This represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.10% of the company’s stock.

Hedge Funds Weigh In On KVH Industries

Institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC raised its stake in KVH Industries by 27.8% during the 3rd quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock valued at $153,000 after acquiring an additional 5,935 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of KVH Industries in the 3rd quarter valued at approximately $113,000. Virtu Financial LLC purchased a new position in shares of KVH Industries in the 4th quarter valued at approximately $102,000. NewEdge Advisors LLC acquired a new position in shares of KVH Industries in the third quarter valued at approximately $90,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of KVH Industries during the fourth quarter worth approximately $86,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

About KVH Industries

(Get Free Report)

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.

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