Steve L. Komar Acquires 50,000 Shares of WidePoint Co. (WYY) Stock
WidePoint Co. (NYSEMKT:WYY) Director Steve L. Komar purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were purchased at an average cost of $0.54 per share, with a total value of $27,000.00. Following the completion of the purchase, the director now owns 1,303,887 shares of the company’s stock, valued at approximately $704,098.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of WidePoint Co. (WYY) opened at 0.52 on Wednesday. The stock has a 50 day moving average price of $0.45 and a 200 day moving average price of $0.50. The company’s market capitalization is $43.13 million. WidePoint Co. has a 1-year low of $0.37 and a 1-year high of $0.96.
WidePoint (NYSEMKT:WYY) last announced its earnings results on Monday, August 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $18.88 million for the quarter, compared to analyst estimates of $18.60 million. WidePoint had a negative return on equity of 19.55% and a negative net margin of 6.89%. During the same quarter last year, the business posted ($0.01) EPS. On average, equities analysts anticipate that WidePoint Co. will post ($0.03) EPS for the current fiscal year.
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Several equities research analysts have recently issued reports on WYY shares. ValuEngine raised WidePoint from a “sell” rating to a “hold” rating in a research note on Saturday. B. Riley reaffirmed a “buy” rating and issued a $1.00 price objective on shares of WidePoint in a research note on Friday, May 12th. Finally, Zacks Investment Research raised WidePoint from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st.
Institutional investors have recently made changes to their positions in the stock. Intellectus Partners LLC raised its position in shares of WidePoint by 2.1% in the second quarter. Intellectus Partners LLC now owns 237,855 shares of the technology company’s stock worth $109,000 after buying an additional 5,000 shares during the period. Renaissance Technologies LLC raised its position in shares of WidePoint by 71.8% in the fourth quarter. Renaissance Technologies LLC now owns 243,300 shares of the technology company’s stock worth $197,000 after buying an additional 101,700 shares during the period. Finally, First Wilshire Securities Management Inc. raised its position in shares of WidePoint by 0.3% in the first quarter. First Wilshire Securities Management Inc. now owns 863,171 shares of the technology company’s stock worth $388,000 after buying an additional 2,700 shares during the period.
WidePoint Company Profile
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.
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