pdvWireless, Inc. (NASDAQ:PDVW) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Several other research firms have also recently weighed in on PDVW. B. Riley reissued a “buy” rating and issued a $59.00 price target on shares of pdvWireless in a research note on Sunday, August 13th. BidaskClub raised shares of pdvWireless from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th.

Shares of pdvWireless (NASDAQ:PDVW) traded down 2.11% during mid-day trading on Thursday, reaching $32.45. 29,117 shares of the company’s stock traded hands. The company’s 50-day moving average price is $31.06 and its 200-day moving average price is $31.06. pdvWireless has a 12-month low of $18.70 and a 12-month high of $33.75. The stock’s market capitalization is $467.83 million.

COPYRIGHT VIOLATION WARNING: “pdvWireless, Inc. (PDVW) Downgraded by ValuEngine to “Sell”” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/12/pdvwireless-inc-pdvw-downgraded-by-valuengine-to-sell.html.

Large investors have recently bought and sold shares of the stock. American International Group Inc. boosted its position in shares of pdvWireless by 7.1% during the 1st quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock worth $131,000 after purchasing an additional 398 shares during the period. The Manufacturers Life Insurance Company boosted 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 purchasing an additional 448 shares during the period. Phoenix Investment Adviser LLC purchased a new position in shares of pdvWireless during the 2nd quarter worth approximately $287,000. Swiss National Bank boosted its position in shares of pdvWireless by 19.4% during the 1st quarter. Swiss National Bank now owns 14,150 shares of the wireless provider’s stock worth $309,000 after purchasing an additional 2,300 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of pdvWireless by 2.2% during the 2nd quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock worth $420,000 after purchasing an additional 391 shares during the period. 93.01% of the stock is owned by hedge funds and other institutional investors.

About pdvWireless

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.

Receive News & Stock Ratings for pdvWireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for pdvWireless Inc. and related stocks with our FREE daily email newsletter.