pdvWireless (PDVW) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of pdvWireless (NASDAQ:PDVW) from a sell rating to a hold rating in a research report released on Friday.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of pdvWireless from a buy rating to a hold rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of pdvWireless from a strong-buy rating to a buy rating in a research report on Thursday, December 21st. Finally, B. Riley restated a buy rating and set a $59.00 price objective on shares of pdvWireless in a research report on Friday, December 15th.

pdvWireless (NASDAQ PDVW) opened at $32.45 on Friday. The firm has a market cap of $482.23, a P/E ratio of -12.48 and a beta of 0.60. pdvWireless has a 52-week low of $18.70 and a 52-week high of $36.40.

pdvWireless (NASDAQ:PDVW) last issued its quarterly earnings data on Tuesday, November 7th. The wireless provider reported ($0.57) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.06. pdvWireless had a negative net margin of 670.81% and a negative return on equity of 16.24%. equities analysts forecast that pdvWireless will post -2.41 earnings per share for the current fiscal year.

In other pdvWireless news, major shareholder Owl Creek Asset Management, L. purchased 9,309 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $29.95 per share, for a total transaction of $278,804.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard E. Rohmann sold 900 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $33.45, for a total transaction of $30,105.00. Following the completion of the transaction, the executive vice president now owns 11,309 shares in the company, valued at $378,286.05. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 307,127 shares of company stock worth $9,698,568 and sold 2,700 shares worth $85,410. 10.91% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP bought a new position in pdvWireless in the third quarter worth approximately $212,000. State Board of Administration of Florida Retirement System bought a new position in pdvWireless in the third quarter worth approximately $215,000. The Manufacturers Life Insurance Company raised its position in pdvWireless by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock worth $190,000 after acquiring an additional 448 shares during the period. Teachers Advisors LLC raised its position in pdvWireless by 2.2% in the second quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock worth $420,000 after acquiring an additional 391 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in pdvWireless by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 33,852 shares of the wireless provider’s stock worth $789,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 91.92% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “pdvWireless (PDVW) Lifted to Hold at ValuEngine” was reported by Stock Observer and is owned by of Stock Observer. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.thestockobserver.com/2018/02/06/pdvwireless-pdvw-lifted-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Leave a Reply