BidaskClub upgraded shares of pdvWireless, Inc. (NASDAQ:PDVW) from a sell rating to a hold rating in a report released on Tuesday.
A number of other brokerages have also issued reports on PDVW. B. Riley raised their target price on shares of pdvWireless from $43.00 to $59.00 and gave the stock a buy rating in a research report on Tuesday. ValuEngine upgraded shares of pdvWireless from a sell rating to a hold rating in a research report on Monday, August 7th. Finally, Zacks Investment Research lowered shares of pdvWireless from a buy rating to a hold rating in a research report on Wednesday, April 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. pdvWireless currently has a consensus rating of Hold and a consensus price target of $42.00.
pdvWireless (NASDAQ:PDVW) traded down 4.45% on Tuesday, reaching $27.90. The company had a trading volume of 23,243 shares. pdvWireless has a 52-week low of $18.70 and a 52-week high of $30.35. The stock’s market capitalization is $402.23 million. The stock has a 50 day moving average price of $24.72 and a 200 day moving average price of $23.17.
pdvWireless (NASDAQ:PDVW) last announced its earnings results on Tuesday, June 6th. The wireless provider reported ($0.97) earnings per share (EPS) for the quarter. pdvWireless had a negative return on equity of 15.52% and a negative net margin of 711.56%. The firm had revenue of $1.26 million for the quarter. Analysts expect that pdvWireless will post ($2.19) EPS for the current year.
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In other pdvWireless news, EVP Richard E. Rohmann sold 2,807 shares of pdvWireless stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $24.65, for a total value of $69,192.55. Following the transaction, the executive vice president now owns 14,909 shares in the company, valued at approximately $367,506.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Frank Creede sold 2,169 shares of pdvWireless stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $24.65, for a total transaction of $53,465.85. Following the completion of the transaction, the insider now owns 43,221 shares in the company, valued at approximately $1,065,397.65. The disclosure for this sale can be found here. 10.91% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. American International Group Inc. raised its position in shares of pdvWireless by 7.1% in the first quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock worth $131,000 after buying an additional 398 shares during the period. Phoenix Investment Adviser LLC bought a new position in shares of pdvWireless during the second quarter worth $287,000. Swiss National Bank raised its position in shares of pdvWireless by 19.4% in the first quarter. Swiss National Bank now owns 14,150 shares of the wireless provider’s stock worth $309,000 after buying an additional 2,300 shares during the period. Teachers Advisors LLC raised its position in shares of pdvWireless by 2.2% in the second quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock worth $420,000 after buying an additional 391 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of pdvWireless by 0.4% in the first quarter. TIAA CREF Investment Management LLC now owns 29,780 shares of the wireless provider’s stock worth $651,000 after buying an additional 124 shares during the period. Institutional investors own 93.45% of the company’s stock.
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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