WidePoint Corporation (NYSEAMERICAN:WYY – Get Free Report) Director John Fitzgerald sold 15,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $15.63, for a total value of $234,450.00. Following the transaction, the director owned 90,414 shares of the company’s stock, valued at approximately $1,413,170.82. This represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
WidePoint Stock Performance
NYSEAMERICAN WYY opened at $13.11 on Friday. The stock has a 50-day moving average of $11.92 and a two-hundred day moving average of $7.72. 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 Corporation has a 1-year low of $2.80 and a 1-year high of $24.30. The company has a market cap of $129.66 million, a P/E ratio of -65.55 and a beta of 1.71.
WidePoint (NYSEAMERICAN:WYY – Get Free Report) last announced its earnings results on Thursday, May 14th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.13. The firm had revenue of $40.58 million for the quarter, compared to the consensus estimate of $37.87 million. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. As a group, analysts anticipate that WidePoint Corporation will post 0.04 EPS for the current year.
Hedge Funds Weigh In On WidePoint
Analysts Set New Price Targets
A number of equities analysts recently commented on WYY shares. HC Wainwright reiterated a “buy” rating and set a $9.00 target price on shares of WidePoint in a research note on Monday, March 30th. Zacks Research upgraded shares of WidePoint from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $8.67.
Get Our Latest Stock Analysis on WYY
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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