pdvWireless Inc (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of the stock in a transaction on 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 directly owns 9,803 shares in the company, valued at $364,279.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of pdvWireless Inc (NASDAQ:PDVW) opened at $38.60 on Tuesday. The stock has a market capitalization of $560.83, a PE ratio of -15.50 and a beta of 0.65. pdvWireless Inc has a 1 year low of $20.00 and a 1 year high of $39.75.
pdvWireless (NASDAQ:PDVW) last issued its quarterly earnings results on Tuesday, February 6th. The wireless provider reported ($0.59) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.02. The company had revenue of $1.60 million for the quarter, compared to the consensus estimate of $1.50 million. pdvWireless had a negative return on equity of 17.38% and a negative net margin of 613.47%. equities research analysts predict that pdvWireless Inc will post -2.36 EPS for the current fiscal year.
Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of pdvWireless from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of pdvWireless from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 21st. ValuEngine raised shares of pdvWireless from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet raised pdvWireless from a “d+” rating to a “c-” rating in a research report on Wednesday, February 7th. Finally, B. Riley reaffirmed a “buy” rating and issued a $59.00 price target on shares of pdvWireless in a research report on Friday, December 15th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. pdvWireless currently has a consensus rating of “Buy” and an average target price of $47.50.
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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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