pdvWireless Inc (NASDAQ:PDVW) – Analysts at B. Riley issued their Q1 2020 earnings per share estimates for shares of pdvWireless in a research report issued on Monday, February 11th. B. Riley analyst M. Crawford forecasts that the wireless provider will earn ($0.60) per share for the quarter. B. Riley also issued estimates for pdvWireless’ Q2 2020 earnings at ($0.74) EPS, Q3 2020 earnings at ($0.63) EPS, Q4 2020 earnings at ($0.77) EPS and FY2020 earnings at ($2.73) EPS.
Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded pdvWireless from a “hold” rating to a “buy” rating in a research note on Friday, December 28th. Craig Hallum started coverage on pdvWireless in a research note on Monday, October 15th. They set a “buy” rating for the company. Finally, Zacks Investment Research cut pdvWireless from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.00.
PDVW stock opened at $41.80 on Tuesday. The company has a market cap of $590.35 million, a P/E ratio of -17.94 and a beta of 0.57. pdvWireless has a fifty-two week low of $22.50 and a fifty-two week high of $47.87.
pdvWireless (NASDAQ:PDVW) last posted its earnings results on Friday, February 8th. The wireless provider reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.10. The firm had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $1.69 million. pdvWireless had a negative return on equity of 16.56% and a negative net margin of 591.27%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in pdvWireless by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 128,296 shares of the wireless provider’s stock valued at $4,349,000 after buying an additional 1,557 shares during the last quarter. FNY Investment Advisers LLC raised its stake in shares of pdvWireless by 150.0% during the fourth quarter. FNY Investment Advisers LLC now owns 4,500 shares of the wireless provider’s stock worth $168,000 after purchasing an additional 2,700 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of pdvWireless by 6.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 46,990 shares of the wireless provider’s stock worth $1,173,000 after purchasing an additional 2,965 shares during the last quarter. Rhumbline Advisers raised its stake in shares of pdvWireless by 45.4% during the fourth quarter. Rhumbline Advisers now owns 13,428 shares of the wireless provider’s stock worth $502,000 after purchasing an additional 4,191 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of pdvWireless during the third quarter worth approximately $198,000. Institutional investors own 88.43% of the company’s stock.
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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