Shares of pdvWireless Inc (NASDAQ:PDVW) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $59.00 for the company and are anticipating that the company will post ($0.57) EPS for the current quarter, according to Zacks. Zacks has also assigned pdvWireless an industry rank of 110 out of 265 based on the ratings given to related companies.
Several analysts have recently weighed in on the company. BidaskClub raised pdvWireless from a “buy” rating to a “strong-buy” rating in a report on Tuesday. TheStreet raised pdvWireless from a “d+” rating to a “c-” rating in a report on Wednesday, February 7th. ValuEngine raised pdvWireless from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered pdvWireless from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, B. Riley reissued a “buy” rating and set a $59.00 price objective on shares of pdvWireless in a report on Friday, December 15th.
Shares of pdvWireless (NASDAQ PDVW) opened at $36.80 on Tuesday. pdvWireless has a fifty-two week low of $20.00 and a fifty-two week high of $39.75.
pdvWireless (NASDAQ:PDVW) last released its earnings results on Tuesday, February 6th. The wireless provider reported ($0.59) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.61) by $0.02. The firm had revenue of $1.60 million for the quarter, compared to analyst estimates of $1.50 million. pdvWireless had a negative return on equity of 17.38% and a negative net margin of 613.47%. analysts forecast that pdvWireless will post -2.36 EPS for the current fiscal year.
In related news, major shareholder Owl Creek Asset Management, L. bought 6,403 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was acquired at an average price of $31.93 per share, for a total transaction of $204,447.79. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard E. Rohmann sold 900 shares of the firm’s 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 transaction, the executive vice president now owns 11,309 shares of the company’s stock, valued at approximately $378,286.05. The disclosure for this sale can be found here. In the last three months, insiders have bought 13,735 shares of company stock worth $438,858 and have sold 2,700 shares worth $90,567. 10.91% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC bought a new position in shares of pdvWireless during the 4th quarter worth approximately $108,000. The Manufacturers Life Insurance Company lifted its position in shares of pdvWireless by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock worth $190,000 after buying an additional 448 shares during the period. Alliancebernstein L.P. bought a new position in shares of pdvWireless during the 4th quarter worth approximately $209,000. Dimensional Fund Advisors LP bought a new position in shares of pdvWireless during the 3rd quarter worth approximately $212,000. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of pdvWireless during the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 90.60% of the company’s stock.
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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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