BidaskClub lowered shares of pdvWireless (NASDAQ:PDVW) from a hold rating to a sell rating in a research report report published on Tuesday morning.

PDVW has been the topic of several other research reports. ValuEngine raised pdvWireless from a hold rating to a buy rating in a research report on Saturday, May 12th. TheStreet downgraded pdvWireless from a c- rating to a d+ rating in a research report on Thursday, June 28th. Finally, Zacks Investment Research downgraded pdvWireless from a hold rating to a sell rating in a research report on Friday, June 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $47.50.

NASDAQ PDVW opened at $29.35 on Tuesday. pdvWireless has a fifty-two week low of $22.50 and a fifty-two week high of $39.75.

pdvWireless (NASDAQ:PDVW) last released its earnings results on Tuesday, June 5th. The wireless provider reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.57) by ($0.04). The company had revenue of $1.78 million for the quarter, compared to the consensus estimate of $1.55 million. pdvWireless had a negative net margin of 517.89% and a negative return on equity of 16.02%. equities research analysts anticipate that pdvWireless will post -2.91 earnings per share for the current year.

In other pdvWireless news, major shareholder Owl Creek Asset Management, L. acquired 1,564 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The stock was bought at an average price of $26.18 per share, for a total transaction of $40,945.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bravo Fund Ii L.P. Pimco sold 25,100 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $31.84, for a total value of $799,184.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 148,121 shares of company stock valued at $3,858,105 and have sold 51,744 shares valued at $1,648,526. 12.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank boosted its holdings in pdvWireless by 12.7% during the 1st quarter. Swiss National Bank now owns 15,950 shares of the wireless provider’s stock valued at $476,000 after acquiring an additional 1,800 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in pdvWireless by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,990 shares of the wireless provider’s stock valued at $1,173,000 after acquiring an additional 2,965 shares during the period. MetLife Investment Advisors LLC purchased a new position in pdvWireless during the 4th quarter valued at $108,000. Trexquant Investment LP purchased a new position in pdvWireless during the 2nd quarter valued at $221,000. Finally, Bank of New York Mellon Corp boosted its holdings in pdvWireless by 9.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 126,739 shares of the wireless provider’s stock valued at $3,162,000 after acquiring an additional 10,983 shares during the period. Institutional investors own 89.88% of the company’s stock.

About pdvWireless

pdvWireless, Inc, a wireless communication company, provides network and mobile communication solutions to infrastructure and enterprise customers primarily in the United States. It offers TeamConnect service, which combines pdvConnect, a proprietary suite of mobile communication and workforce management applications with digital network architecture and mobile devices supplied by Motorola Solutions, Inc The company's mobile communication and workforce management solutions enable businesses to locate and communicate with their field workers, as well as enhance the documentation of work events and job status.

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