pdvWireless, Inc. (NASDAQ:PDVW) had its target price upped by stock analysts at B. Riley from $43.00 to $59.00 in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the wireless provider’s stock. B. Riley’s target price suggests a potential upside of 112.61% from the company’s current price.

PDVW has been the subject of several other research reports. ValuEngine raised shares of pdvWireless from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. BidaskClub downgraded shares of pdvWireless from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of pdvWireless from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. pdvWireless currently has a consensus rating of “Hold” and an average price target of $42.00.

Shares of pdvWireless (PDVW) traded up 2.34% on Tuesday, reaching $28.40. 12,973 shares of the company traded hands. The company’s market capitalization is $408.90 million. The firm has a 50-day moving average price of $23.82 and a 200 day moving average price of $22.96. pdvWireless has a one year low of $18.70 and a one year high of $28.45.

pdvWireless (NASDAQ:PDVW) last posted its quarterly earnings results on Tuesday, June 6th. The wireless provider reported ($0.97) earnings per share (EPS) 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 analysts forecast that pdvWireless will post ($2.19) EPS for the current fiscal year.

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In other news, EVP Richard E. Rohmann sold 2,807 shares of pdvWireless stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $24.65, for a total transaction of $69,192.55. Following the sale, the executive vice president now directly owns 14,909 shares in the company, valued at approximately $367,506.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Creede sold 2,169 shares of pdvWireless 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 owns 43,221 shares in the company, valued at $1,065,397.65. The disclosure for this sale can be found here. 10.91% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. 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 last quarter. 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 last quarter. American International Group Inc. boosted its stake in pdvWireless by 7.1% in the first quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock worth $131,000 after buying an additional 398 shares during the last quarter. Swiss National Bank boosted its stake in pdvWireless by 19.4% in the first quarter. Swiss National Bank now owns 14,150 shares of the wireless provider’s stock worth $309,000 after buying an additional 2,300 shares during the last quarter. Finally, State Street Corp boosted its stake in pdvWireless by 2.0% in the fourth quarter. State Street Corp now owns 187,409 shares of the wireless provider’s stock worth $4,226,000 after buying an additional 3,737 shares during the last quarter. 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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