pdvWireless Inc (NASDAQ:PDVW) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus target price of $59.00 for the company and are expecting that the company will post ($0.57) EPS for the current quarter, according to Zacks. Zacks has also assigned pdvWireless an industry rank of 119 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on PDVW shares. BidaskClub upgraded shares of pdvWireless from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. B. Riley reiterated a “buy” rating and set a $59.00 price objective on shares of pdvWireless in a report on Friday, December 15th. ValuEngine upgraded shares of pdvWireless from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, January 5th. Finally, TheStreet upgraded shares of pdvWireless from a “d+” rating to a “c-” rating in a report on Wednesday, February 7th.
In other pdvWireless news, major shareholder Owl Creek Asset Management, L. purchased 6,403 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were purchased 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard E. Rohmann sold 900 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $37.16, for a total transaction of $33,444.00. Following the completion of the transaction, the executive vice president now owns 9,803 shares in the company, valued at approximately $364,279.48. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 13,735 shares of company stock worth $438,858 and sold 2,700 shares worth $90,567. Company insiders own 10.91% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PDVW. Northern Trust Corp raised its holdings in pdvWireless by 2.4% in the second quarter. Northern Trust Corp now owns 118,630 shares of the wireless provider’s stock valued at $2,765,000 after buying an additional 2,768 shares during the period. State Street Corp grew its position in pdvWireless by 6.4% in the second quarter. State Street Corp now owns 200,591 shares of the wireless provider’s stock valued at $4,674,000 after acquiring an additional 12,020 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in pdvWireless by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after acquiring an additional 448 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in pdvWireless in the third quarter valued at approximately $215,000. Finally, Schwab Charles Investment Management Inc. grew its position in pdvWireless by 5.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 35,766 shares of the wireless provider’s stock valued at $1,066,000 after acquiring an additional 1,914 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.
Shares of PDVW stock traded up $0.10 during mid-day trading on Friday, hitting $34.10. 385 shares of the stock traded hands, compared to its average volume of 15,181. The stock has a market cap of $466.03, a price-to-earnings ratio of -13.65 and a beta of 0.65. pdvWireless has a 1-year low of $20.23 and a 1-year high of $39.75.
pdvWireless (NASDAQ:PDVW) last announced its quarterly earnings data on Tuesday, February 6th. The wireless provider reported ($0.59) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.02. The business had revenue of $1.60 million for the quarter, compared to analyst estimates of $1.50 million. pdvWireless had a negative net margin of 613.47% and a negative return on equity of 17.38%. equities analysts expect that pdvWireless will post -2.36 earnings per share for the current year.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for pdvWireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for pdvWireless and related companies with MarketBeat.com's FREE daily email newsletter.