KVH Industries (KVHI) is Reiterated by Needham to Buy, Lowers Price Target to $ 12

KVH Industries (KVHI) was Reiterated by Needham to “Buy” while Lowering the Price Target of the company shares to $ 12 from a previous price target of $13 . Needham advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on KVH Industries. Shares were Reiterated by Chardan Capital Markets on May 6, 2016 to “Buy” and Lowered the Price Target to $ 12 from a previous price target of $13 .Shares were Reiterated by Needham on Mar 11, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $14 .Shares were Reiterated by Chardan Capital Markets on Mar 9, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $15.50 .

On the company’s financial health, KVH Industries reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.02. The company had revenue of $40.40 million for the quarter, compared to analysts expectations of $42.55 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

KVH Industries closed down -0.41 points or -4.81% at $8.12 with 31,549 shares getting traded on Friday. Post opening the session at $9.2667, the shares hit an intraday low of $8.06 and an intraday high of $9.2667 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 18, 2016, Felise Feingold (VP/General Counsel) sold 5,000 shares at $8.62 per share price. According to the SEC, on Nov 16, 2015, Peter Rendall (CFO) purchased 2,100 shares at $9.41 per share price. On Mar 24, 2015, Brent C Bruun (EVP Mobile Broadband Group) sold 4,000 shares at $15.00 per share price, according to the Form-4 filing with the securities and exchange commission.

KVH Industries Inc. is a manufacturer of solutions that provide high-speed Internet television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment including news sports music and movies to commercial and leisure customers in the maritime hotel and retail markets. The Company develops and distributes training films and e-Learning computer-based training courses to commercial maritime customers. It is also a manufacturer of navigational sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The Company designs develops manufactures and markets mobile communications products and services for the marine and land mobile markets and navigation guidance and stabilization products for both the defense and commercial markets.

KVH Industries

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