WidePoint (NYSEAMERICAN:WYY – Get Free Report)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a research report issued on Monday,Benzinga reports. They presently have a $9.00 target price on the technology company’s stock. HC Wainwright’s target price indicates a potential upside of 80.36% from the stock’s current price. HC Wainwright also issued estimates for WidePoint’s Q2 2026 earnings at ($0.01) EPS.
WidePoint Trading Up 7.3%
Shares of WYY opened at $4.99 on Monday. The company has a market capitalization of $49.25 million, a PE ratio of -17.21 and a beta of 1.46. WidePoint has a 12 month low of $2.19 and a 12 month high of $7.55. The stock’s 50-day moving average price is $5.27 and its two-hundred day moving average price is $5.83.
Institutional Investors Weigh In On WidePoint
Several large investors have recently modified their holdings of WYY. Ritholtz Wealth Management bought a new position in WidePoint during the fourth quarter worth $79,000. XTX Topco Ltd bought a new stake in WidePoint during the second quarter valued at $58,000. NewEdge Advisors LLC bought a new stake in WidePoint during the second quarter valued at $74,000. Jane Street Group LLC acquired a new stake in WidePoint during the 2nd quarter worth about $87,000. Finally, State Street Corp raised its position in shares of WidePoint by 9.7% in the 4th quarter. State Street Corp now owns 27,153 shares of the technology company’s stock worth $146,000 after acquiring an additional 2,400 shares in the last quarter. 22.60% of the stock is currently owned by institutional investors and hedge funds.
WidePoint Company Profile
WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.
WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.
Further Reading
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