pdvWireless, Inc. (NASDAQ:PDVW) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday.

A number of other analysts have also recently weighed in on the company. BidaskClub cut pdvWireless from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut pdvWireless from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th.

pdvWireless (PDVW) traded up 6.73% on Monday, hitting $27.75. The stock had a trading volume of 82,882 shares. pdvWireless has a 52-week low of $18.70 and a 52-week high of $28.90. The firm’s 50-day moving average is $23.82 and its 200-day moving average is $22.96. The company’s market cap is $399.54 million.

pdvWireless (NASDAQ:PDVW) last posted its quarterly earnings results on Tuesday, June 6th. The wireless provider reported ($0.97) earnings per share for the quarter. pdvWireless had a negative net margin of 818.59% and a negative return on equity of 16.18%. The business had revenue of $1.26 million during the quarter. Equities research analysts anticipate that pdvWireless will post ($2.19) earnings per share for the current fiscal year.

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In other pdvWireless news, insider Frank Creede sold 2,169 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $24.65, for a total value of $53,465.85. Following the sale, the insider now directly owns 43,221 shares in the company, valued at $1,065,397.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard E. Rohmann sold 2,807 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $24.65, for a total value of $69,192.55. Following the completion of the sale, the executive vice president now owns 14,909 shares in the company, valued at $367,506.85. The disclosure for this sale can be found here. 10.91% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Phoenix Investment Adviser LLC acquired a new stake in pdvWireless during the second quarter worth $287,000. Schwab Charles Investment Management Inc. boosted its stake 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 buying an additional 209 shares during the period. Geode Capital Management LLC boosted its stake in pdvWireless by 5.5% in the first quarter. Geode Capital Management LLC now owns 90,078 shares of the wireless provider’s stock worth $1,968,000 after buying an additional 4,687 shares during the period. Vanguard Group Inc. boosted its stake in pdvWireless by 13.2% in the first quarter. Vanguard Group Inc. now owns 1,426,493 shares of the wireless provider’s stock worth $31,169,000 after buying an additional 166,050 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in pdvWireless by 0.4% in the first quarter. TIAA CREF Investment Management LLC now owns 29,780 shares of the wireless provider’s stock worth $651,000 after buying an additional 124 shares during the period. Institutional investors own 93.45% of the company’s stock.

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.

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