pdvWireless (NASDAQ:PDVW) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of pdvWireless from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 13th. B. Riley restated a “buy” rating and set a $59.00 price objective on shares of pdvWireless in a research note on Friday, December 15th. Zacks Investment Research lowered shares of pdvWireless from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, TheStreet upgraded shares of pdvWireless from a “d+” rating to a “c-” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. pdvWireless presently has a consensus rating of “Hold” and an average target price of $47.50.
Shares of NASDAQ:PDVW opened at $30.05 on Friday. pdvWireless has a one year low of $20.40 and a one year high of $39.75. The stock has a market cap of $455.90, a price-to-earnings ratio of -11.05 and a beta of 0.70.
In other news, major shareholder Owl Creek Asset Management, L. acquired 7,132 shares of the stock in a transaction dated Wednesday, January 10th. The shares were bought at an average cost of $31.97 per share, for a total transaction of $228,010.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard E. Rohmann sold 900 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $30.02, for a total transaction of $27,018.00. Following the transaction, the executive vice president now owns 11,011 shares in the company, valued at $330,550.22. The disclosure for this sale can be found here. Insiders have sold a total of 2,700 shares of company stock worth $90,567 over the last 90 days. 10.91% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of pdvWireless by 1.6% during the 4th quarter. BlackRock Inc. now owns 646,386 shares of the wireless provider’s stock worth $20,749,000 after purchasing an additional 10,333 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of pdvWireless by 12.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 40,238 shares of the wireless provider’s stock worth $1,292,000 after purchasing an additional 4,472 shares during the last quarter. Deutsche Bank AG increased its stake in shares of pdvWireless by 136.2% during the 4th quarter. Deutsche Bank AG now owns 22,661 shares of the wireless provider’s stock worth $725,000 after purchasing an additional 13,068 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in pdvWireless by 5.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after buying an additional 448 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in pdvWireless in the 3rd quarter valued at about $212,000. Institutional investors own 90.60% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3339681/pdvwireless-pdvw-stock-rating-upgraded-by-valuengine.html.
pdvWireless Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for pdvWireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for pdvWireless and related companies with MarketBeat.com's FREE daily email newsletter.