pdvWireless (PDVW) Earns Daily Coverage Optimism Score of 0.14

Media coverage about pdvWireless (NASDAQ:PDVW) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. pdvWireless earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the wireless provider an impact score of 47.3355868473571 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several analysts have recently issued reports on the company. Zacks Investment Research lowered pdvWireless from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. B. Riley reissued a “buy” rating and set a $59.00 target price on shares of pdvWireless in a report on Wednesday, November 8th. BidaskClub lowered pdvWireless from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 21st. ValuEngine raised pdvWireless from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, TheStreet raised pdvWireless from a “d+” rating to a “c-” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $47.50.

pdvWireless (NASDAQ PDVW) traded down $0.70 on Wednesday, hitting $32.00. The stock had a trading volume of 10,600 shares, compared to its average volume of 12,919. The firm has a market cap of $473.27, a price-to-earnings ratio of -12.85 and a beta of 0.60. pdvWireless has a 12 month low of $20.00 and a 12 month high of $36.40.

pdvWireless (NASDAQ:PDVW) last released its earnings results on Tuesday, February 6th. The wireless provider reported ($0.59) earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.60 million for the quarter, compared to analyst estimates of $1.50 million. sell-side analysts forecast that pdvWireless will post -2.36 EPS for the current fiscal year.

In related news, EVP Richard E. Rohmann sold 900 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $31.91, for a total transaction of $28,719.00. Following the completion of the sale, the executive vice president now directly owns 12,209 shares in the company, valued at approximately $389,589.19. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Owl Creek Asset Management, L. acquired 6,403 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were acquired at an average price of $31.93 per share, with a total value of $204,447.79. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 250,890 shares of company stock valued at $8,005,418 and have sold 2,700 shares valued at $85,842. 10.91% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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