WidePoint Co. (NYSEMKT:WYY)‘s stock had its “buy” rating reiterated by B. Riley in a research note issued to investors on Monday. They presently have a $1.00 price objective on the technology company’s stock. B. Riley’s price target points to a potential upside of 127.32% from the company’s previous close.

Separately, Zacks Investment Research downgraded WidePoint from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 4th.

Shares of WidePoint (NYSEMKT:WYY) traded down 2.2273% on Monday, reaching $0.4302. 213,614 shares of the company’s stock were exchanged. WidePoint has a 12 month low of $0.37 and a 12 month high of $0.96. The company’s market capitalization is $35.63 million. The firm’s 50 day moving average price is $0.44 and its 200-day moving average price is $0.64.

WidePoint (NYSEMKT:WYY) last released its quarterly earnings data on Monday, May 15th. The technology company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $18.61 million during the quarter, compared to analyst estimates of $17.15 million. During the same quarter in the prior year, the company posted ($0.01) EPS. On average, equities analysts anticipate that WidePoint will post $0.00 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in WYY. ICM Asset Management Inc. WA acquired a new stake in WidePoint during the first quarter valued at $148,000. Intellectus Partners LLC acquired a new stake in WidePoint during the fourth quarter valued at $189,000. Renaissance Technologies LLC boosted its stake in WidePoint by 71.8% in the fourth quarter. Renaissance Technologies LLC now owns 243,300 shares of the technology company’s stock valued at $197,000 after buying an additional 101,700 shares in the last quarter. First Wilshire Securities Management Inc. boosted its stake in WidePoint by 0.3% in the first quarter. First Wilshire Securities Management Inc. now owns 863,171 shares of the technology company’s stock valued at $388,000 after buying an additional 2,700 shares in the last quarter. Finally, Perritt Capital Management Inc. boosted its stake in WidePoint by 26.0% in the fourth quarter. Perritt Capital Management Inc. now owns 641,100 shares of the technology company’s stock valued at $519,000 after buying an additional 132,200 shares in the last quarter.

About WidePoint

WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.

12 Month Chart for NYSEMKT:WYY

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