News coverage about pdvWireless (NASDAQ:PDVW) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. pdvWireless earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news coverage about the wireless provider an impact score of 44.2718442616397 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded pdvWireless from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. ValuEngine cut pdvWireless from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. B. Riley reissued a “buy” rating and set a $59.00 target price on shares of pdvWireless in a report on Wednesday, November 8th. Finally, BidaskClub cut pdvWireless from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 21st.
Shares of pdvWireless (NASDAQ:PDVW) traded down $0.65 during trading on Wednesday, hitting $33.20. The company’s stock had a trading volume of 12,900 shares, compared to its average volume of 11,960. pdvWireless has a fifty-two week low of $18.70 and a fifty-two week high of $36.00. The firm has a market capitalization of $488.73, a PE ratio of -12.77 and a beta of 0.51.
pdvWireless (NASDAQ:PDVW) last announced its earnings results on Tuesday, November 7th. The wireless provider reported ($0.57) EPS for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.06. pdvWireless had a negative return on equity of 16.24% and a negative net margin of 670.81%. research analysts anticipate that pdvWireless will post -2.41 earnings per share for the current fiscal year.
In related news, EVP Richard E. Rohmann sold 900 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $33.45, for a total value of $30,105.00. Following the completion of the sale, the executive vice president now owns 11,309 shares of the company’s stock, valued at $378,286.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Owl Creek Asset Management, L. purchased 14,749 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was bought at an average cost of $29.26 per share, with a total value of $431,555.74. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 347,133 shares of company stock valued at $10,876,720 and have sold 2,700 shares valued at $85,410. 10.91% of the stock is owned by corporate insiders.
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pdvWireless Company Profile
pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.
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