pdvWireless, Inc. (PDVW) Given Average Recommendation of “” by Brokerages
pdvWireless, Inc. (NASDAQ:PDVW) has earned an average broker rating score of 0.00 () from the zero analysts that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also given pdvWireless an industry rank of 188 out of 265 based on the ratings given to its competitors.
A number of brokerages recently commented on PDVW. B. Riley restated a “buy” rating and set a $59.00 price objective on shares of pdvWireless in a report on Sunday. BidaskClub lowered shares of pdvWireless from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine upgraded shares of pdvWireless from a “sell” rating to a “hold” rating in a report on Monday, August 7th.
In related news, EVP Richard E. Rohmann sold 2,807 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $24.65, for a total transaction of $69,192.55. Following the sale, the executive vice president now directly owns 14,909 shares in the company, valued at $367,506.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frank Creede sold 2,169 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $24.65, for a total transaction of $53,465.85. Following the sale, the insider now owns 43,221 shares in the company, valued at $1,065,397.65. The disclosure for this sale can be found here. Company insiders own 10.91% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. American International Group Inc. raised its stake 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 valued at $131,000 after buying an additional 398 shares during the last quarter. Phoenix Investment Adviser LLC acquired a new stake in shares of pdvWireless during the second quarter valued at about $287,000. Swiss National Bank raised its stake 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 valued at $309,000 after buying an additional 2,300 shares during the last quarter. Teachers Advisors LLC raised its stake 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 valued at $420,000 after buying an additional 391 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake 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 valued at $651,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 93.45% of the company’s stock.
pdvWireless (NASDAQ PDVW) traded down 4.45% during midday trading on Thursday, reaching $27.90. The company’s stock 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 firm has a 50-day moving average price of $24.72 and a 200 day moving average price of $23.17.
pdvWireless (NASDAQ:PDVW) last issued its quarterly earnings data on Tuesday, June 6th. The wireless provider reported ($0.97) EPS for the quarter. pdvWireless had a negative return on equity of 15.52% and a negative net margin of 711.56%. The company had revenue of $1.26 million for the quarter. Equities research analysts predict that pdvWireless will post ($2.19) EPS for the current fiscal year.
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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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