pdvWireless (NASDAQ:PDVW) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
PDVW has been the topic of a number of other reports. Zacks Investment Research cut pdvWireless from a “buy” rating to a “hold” rating in a report on Wednesday, November 14th. Craig Hallum began coverage on pdvWireless in a report on Monday, October 15th. They issued a “buy” rating on the stock. Finally, ValuEngine raised pdvWireless from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $46.00.
Shares of pdvWireless stock opened at $38.37 on Tuesday. pdvWireless has a one year low of $22.50 and a one year high of $47.87. The firm has a market capitalization of $581.28 million, a P/E ratio of -16.47 and a beta of 0.52.
A number of institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC increased its stake in pdvWireless by 150.0% in the 4th quarter. FNY Investment Advisers LLC now owns 4,500 shares of the wireless provider’s stock worth $168,000 after buying an additional 2,700 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. purchased a new stake in pdvWireless in the 4th quarter worth $238,000. TIAA CREF Investment Management LLC increased its stake in pdvWireless by 41.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 31,228 shares of the wireless provider’s stock worth $1,059,000 after buying an additional 9,086 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in pdvWireless in the 3rd quarter worth $238,000. Finally, Wexford Capital LP purchased a new stake in pdvWireless in the 3rd quarter worth $1,343,000. 88.36% of the stock is currently owned by institutional investors.
pdvWireless Company Profile
pdvWireless, Inc, a wireless communication company, provides network and mobile communication solutions to infrastructure and enterprise customers primarily in the United States. It offers TeamConnect service, which combines pdvConnect, a proprietary suite of mobile communication and workforce management applications with digital network architecture and mobile devices supplied by Motorola Solutions, Inc The company's mobile communication and workforce management solutions enable businesses to locate and communicate with their field workers, as well as enhance the documentation of work events and job status.
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