pdvWireless Inc (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $37.16, for a total transaction of $33,444.00. Following the transaction, the executive vice president now owns 9,803 shares of the company’s stock, valued at approximately $364,279.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of pdvWireless Inc (PDVW) traded down $0.15 during trading hours on Monday, reaching $38.60. 20,198 shares of the company’s stock were exchanged, compared to its average volume of 14,233. The company has a market capitalization of $560.83, a price-to-earnings ratio of -14.46 and a beta of 0.65. pdvWireless Inc has a 12-month low of $20.00 and a 12-month high of $39.75.
pdvWireless (NASDAQ:PDVW) last released its quarterly earnings data on Tuesday, February 6th. The wireless provider reported ($0.59) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.02. pdvWireless had a negative net margin of 613.47% and a negative return on equity of 17.38%. The company had revenue of $1.60 million during the quarter, compared to analyst estimates of $1.50 million. analysts anticipate that pdvWireless Inc will post -2.36 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on PDVW shares. BidaskClub upgraded shares of pdvWireless from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. B. Riley reiterated a “buy” rating and set a $59.00 target price on shares of pdvWireless in a research report on Friday, December 15th. ValuEngine upgraded shares of pdvWireless from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Friday, January 5th. Finally, TheStreet upgraded shares of pdvWireless from a “d+” rating to a “c-” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.50.
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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