pdvWireless, Inc. (PDVW) Receives Consensus Rating of “Strong Buy” from Analysts
Shares of pdvWireless, Inc. (NASDAQ:PDVW) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price objective of $59.00 for the company and are anticipating that the company will post ($0.60) earnings per share for the current quarter, according to Zacks. Zacks has also assigned pdvWireless an industry rank of 171 out of 265 based on the ratings given to related companies.
PDVW has been the subject of a number of recent research reports. B. Riley reissued a “buy” rating and issued a $59.00 target price on shares of pdvWireless in a report on Sunday, August 13th. ValuEngine raised shares of pdvWireless from a “sell” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub raised shares of pdvWireless from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday.
In other pdvWireless news, EVP Richard E. Rohmann sold 900 shares of pdvWireless stock in a transaction on Friday, October 13th. The shares were sold at an average price of $30.60, for a total transaction of $27,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.91% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in pdvWireless by 13.2% during 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. State Street Corp boosted its stake in pdvWireless by 6.4% during the second quarter. State Street Corp now owns 200,591 shares of the wireless provider’s stock worth $4,674,000 after buying an additional 12,020 shares during the period. Bank of New York Mellon Corp boosted its stake in pdvWireless by 8.9% during the first quarter. Bank of New York Mellon Corp now owns 122,689 shares of the wireless provider’s stock worth $2,681,000 after buying an additional 9,976 shares during the period. Northern Trust Corp boosted its stake in pdvWireless by 2.4% during the second quarter. Northern Trust Corp now owns 118,630 shares of the wireless provider’s stock worth $2,765,000 after buying an additional 2,768 shares during the period. Finally, Geode Capital Management LLC boosted its stake in pdvWireless by 5.5% during 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. 93.01% of the stock is owned by institutional investors.
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Shares of pdvWireless (NASDAQ PDVW) traded down 0.79% during midday trading on Friday, hitting $31.20. 13,643 shares of the stock were exchanged. pdvWireless has a 1-year low of $18.70 and a 1-year high of $33.75. The firm has a 50-day moving average of $31.17 and a 200-day moving average of $31.17. The company’s market capitalization is $449.81 million.
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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