KVH Industries (KVHI) Has a New Rating from Needham

By Carrie Williams

In a report issued on June 21, Ryan Koontz from Needham initiated coverage with a Buy rating on KVH Industries (KVHIResearch Report) and a price target of $14.00. The company’s shares closed last Wednesday at $11.87.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 24.5% and a 67.6% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, CommScope Holding, and RingCentral.

Currently, the analyst consensus on KVH Industries is a Moderate Buy with an average price target of $15.00.

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KVH Industries’ market cap is currently $222.7M and has a P/E ratio of -10.80. The company has a Price to Book ratio of 1.84.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KVHI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

KVH Industries, Inc. engages in the provision of internet, television, and voice services via satellite to mobile users at sea and on land. It operates through the following segments: Mobile Connectivity and Inertial Navigation. The Mobile Connectivity segment comprises of satellite television and internet solutions and media and content delivery solutions. The Inertial Navigation segment includes digital compass and fiber optic gyro-based navigation and guidance systems. The company was founded by Robert W.B. Kits van Heyningen, Martin A. Kits van Heyningen and Arent H. Kits van Heyningen in 1982 and is headquartered in Middletown, RI.