WidePoint Corporation (NYSEAMERICAN:WYY – Free Report) – Litchfield Hills Research dropped their Q2 2026 earnings per share estimates for shares of WidePoint in a note issued to investors on Thursday, June 25th. Litchfield Hills Research analyst B. Sine now anticipates that the technology company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.02. The consensus estimate for WidePoint’s current full-year earnings is ($0.06) per share. Litchfield Hills Research also issued estimates for WidePoint’s Q3 2026 earnings at $0.02 EPS.
Several other equities research analysts have also recently weighed in on WYY. Zacks Research upgraded WidePoint from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. HC Wainwright reissued a “buy” rating and issued a $9.00 price target on shares of WidePoint in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $8.67.
WidePoint Trading Up 14.6%
NYSEAMERICAN:WYY opened at $20.20 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.04. WidePoint has a 1 year low of $2.80 and a 1 year high of $24.30. The company has a market cap of $199.78 million, a P/E ratio of -100.99 and a beta of 1.81. The stock’s fifty day moving average price is $9.86 and its two-hundred day moving average price is $7.07.
WidePoint (NYSEAMERICAN:WYY – Get Free Report) last issued its earnings results on Thursday, May 14th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.13. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. The firm had revenue of $40.58 million during the quarter, compared to analyst estimates of $37.87 million.
Institutional Investors Weigh In On WidePoint
A number of large investors have recently made changes to their positions in WYY. State Street Corp increased its position in shares of WidePoint by 9.7% during the fourth quarter. State Street Corp now owns 27,153 shares of the technology company’s stock valued at $146,000 after buying an additional 2,400 shares during the period. Geode Capital Management LLC boosted its position in WidePoint by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock valued at $461,000 after acquiring an additional 3,675 shares in the last quarter. Renaissance Technologies LLC boosted its position in WidePoint by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock valued at $709,000 after acquiring an additional 3,898 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of WidePoint by 19,130.8% during the 1st quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock worth $25,000 after acquiring an additional 4,974 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of WidePoint by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 376,513 shares of the technology company’s stock worth $1,862,000 after acquiring an additional 8,850 shares during the period. 22.60% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other WidePoint news, CFO Robert J. George sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $10.59, for a total value of $105,900.00. Following the completion of the sale, the chief financial officer owned 54,493 shares in the company, valued at approximately $577,080.87. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Todd Dzyak sold 10,000 shares of WidePoint stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief operating officer directly owned 115,436 shares in the company, valued at approximately $2,770,464. The trade was a 7.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 30,000 shares of company stock worth $495,900. 16.10% of the stock is owned by corporate insiders.
WidePoint Company Profile
WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.
WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.
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