pdvWireless (NASDAQ:PDVW)‘s stock had its “buy” rating restated by analysts at B. Riley in a research note issued on Friday. They presently have a $59.00 price target on the wireless provider’s stock. B. Riley’s price target points to a potential upside of 71.51% from the stock’s current price.

Several other research analysts have also weighed in on PDVW. BidaskClub upgraded shares of pdvWireless from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research lowered shares of pdvWireless from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, ValuEngine lowered shares of pdvWireless from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th.

Shares of pdvWireless (PDVW) traded down $0.85 during mid-day trading on Friday, reaching $34.40. 34,100 shares of the company’s stock traded hands, compared to its average volume of 26,615. pdvWireless has a 12-month low of $18.70 and a 12-month high of $36.00.

In other news, major shareholder Owl Creek Asset Management, L. acquired 25,257 shares of the stock in a transaction dated Tuesday, November 7th. The shares were bought at an average cost of $29.56 per share, for a total transaction of $746,596.92. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard E. Rohmann sold 900 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.54, for a total transaction of $26,586.00. Following the completion of the transaction, the executive vice president now owns 13,109 shares in the company, valued at approximately $387,239.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 333,398 shares of company stock worth $10,437,862 and have sold 2,700 shares worth $82,845. 10.91% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in PDVW. TIAA CREF Investment Management LLC grew its stake in pdvWireless by 0.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 29,780 shares of the wireless provider’s stock valued at $651,000 after buying an additional 124 shares during the last quarter. Geode Capital Management LLC grew its stake in pdvWireless by 5.5% in the 1st quarter. Geode Capital Management LLC now owns 90,078 shares of the wireless provider’s stock valued at $1,968,000 after buying an additional 4,687 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in pdvWireless by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 33,643 shares of the wireless provider’s stock valued at $736,000 after buying an additional 1,881 shares during the last quarter. Phoenix Investment Adviser LLC acquired a new position in pdvWireless in the 2nd quarter valued at about $287,000. Finally, Teachers Advisors LLC grew its stake in pdvWireless by 2.2% in the 2nd quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock valued at $420,000 after buying an additional 391 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

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About pdvWireless

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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