WidePoint’s (WYY) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of WidePoint (NYSEAMERICAN:WYY) in a report released on Monday,Benzinga reports. They currently have a $7.00 price target on the technology company’s stock. HC Wainwright also issued estimates for WidePoint’s Q4 2025 earnings at $0.05 EPS, FY2025 earnings at ($0.13) EPS and FY2026 earnings at $0.18 EPS.

Separately, Wall Street Zen initiated coverage on shares of WidePoint in a report on Tuesday, May 20th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $7.00.

WidePoint Price Performance

Shares of NYSEAMERICAN:WYY opened at $3.95 on Monday. The company has a market capitalization of $38.63 million, a price-to-earnings ratio of -17.95 and a beta of 1.62. The business’s 50-day moving average is $3.27 and its 200-day moving average is $3.55. WidePoint has a 1 year low of $2.19 and a 1 year high of $6.25.

Institutional Investors Weigh In On WidePoint

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in WidePoint in the 2nd quarter valued at $58,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of WidePoint during the second quarter valued at approximately $60,000. Jane Street Group LLC purchased a new stake in shares of WidePoint during the fourth quarter valued at approximately $101,000. NewEdge Advisors LLC purchased a new stake in shares of WidePoint during the second quarter valued at approximately $74,000. Finally, Truvestments Capital LLC increased its position in shares of WidePoint by 7.6% during the first quarter. Truvestments Capital LLC now owns 41,389 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,916 shares during the last quarter. 22.60% of the stock is owned by hedge funds and other institutional investors.

WidePoint Company Profile

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.