News stories about ORBCOMM (NASDAQ:ORBC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ORBCOMM earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.8256900596223 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- ORBCOMM (ORBC) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Insider Selling: ORBCOMM Inc (ORBC) CFO Sells 3,532 Shares of Stock (americanbankingnews.com)
- Insider Selling: ORBCOMM Inc (ORBC) EVP Sells 2,431 Shares of Stock (americanbankingnews.com)
- ORBCOMM Inc (ORBC) CEO Marc Eisenberg Sells 11,770 Shares (americanbankingnews.com)
- ORBCOMM CEO to Present at 30th Annual Roth Conference (finance.yahoo.com)
Shares of ORBCOMM (NASDAQ:ORBC) opened at $10.07 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.08 and a quick ratio of 1.46. The company has a market capitalization of $770.02, a PE ratio of -11.99 and a beta of 0.96. ORBCOMM has a 1 year low of $8.91 and a 1 year high of $11.99.
A number of analysts recently commented on ORBC shares. BidaskClub cut ORBCOMM from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. Zacks Investment Research upgraded ORBCOMM from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, January 4th. Northland Securities set a $15.00 price objective on ORBCOMM and gave the company a “buy” rating in a research report on Tuesday, January 16th. Roth Capital started coverage on ORBCOMM in a research report on Friday, February 2nd. They set a “buy” rating and a $14.00 price objective for the company. Finally, Canaccord Genuity reduced their price objective on ORBCOMM from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.67.
In other ORBCOMM news, CFO Robert G. Costantini sold 11,019 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $10.89, for a total value of $119,996.91. Following the completion of the sale, the chief financial officer now owns 200,215 shares in the company, valued at $2,180,341.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Craig Malone sold 7,923 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $10.89, for a total value of $86,281.47. Following the completion of the sale, the executive vice president now owns 33,496 shares of the company’s stock, valued at approximately $364,771.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,669 shares of company stock valued at $670,162. Company insiders own 9.50% of the company’s stock.
ORBCOMM Company Profile
ORBCOMM Inc is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and Web reporting applications. The Company’s IoT products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, sea containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime and government.
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