pdvWireless (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of pdvWireless stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $37.16, for a total value of $33,444.00. Following the completion of the transaction, the executive vice president now directly owns 9,803 shares of the company’s stock, valued at $364,279.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of pdvWireless stock opened at $30.05 on Friday. pdvWireless has a one year low of $20.40 and a one year high of $39.75.
pdvWireless (NASDAQ:PDVW) last announced its quarterly earnings data on Tuesday, February 6th. The wireless provider reported ($0.59) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $0.02. pdvWireless had a negative return on equity of 17.38% and a negative net margin of 613.47%. The business had revenue of $1.60 million during the quarter, compared to the consensus estimate of $1.50 million. research analysts anticipate that pdvWireless will post -2.36 earnings per share for the current fiscal year.
PDVW has been the subject of several research reports. BidaskClub downgraded pdvWireless from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Zacks Investment Research raised 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. TheStreet raised pdvWireless from a “d+” rating to a “c-” rating in a research report on Wednesday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $59.00 target price on shares of pdvWireless in a research report on Friday, December 15th. Finally, ValuEngine raised pdvWireless from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. pdvWireless currently has an average rating of “Hold” and an average price target of $47.50.
pdvWireless, Inc operates as a wireless communications carrier, and provider of network and mobile communication solutions to infrastructure and enterprise customers. The company is deploying push-to-talk networks and two-way radio service to businesses in industry verticals, such as construction, distribution, transportation, field services, waste management, and hospitality.
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