pdvWireless Inc (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $33.45, for a total value of $30,105.00. Following the completion of the transaction, the executive vice president now directly owns 11,309 shares in the company, valued at approximately $378,286.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of pdvWireless Inc (NASDAQ:PDVW) traded down $0.65 during trading on Tuesday, reaching $33.20. The company had a trading volume of 12,949 shares, compared to its average volume of 11,960. The firm has a market cap of $488.73, a P/E ratio of -12.77 and a beta of 0.51. pdvWireless Inc has a twelve month low of $18.70 and a twelve month high of $36.00.
pdvWireless (NASDAQ:PDVW) last issued its quarterly earnings data on Tuesday, November 7th. The wireless provider reported ($0.57) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.06. pdvWireless had a negative return on equity of 16.24% and a negative net margin of 670.81%. equities analysts forecast that pdvWireless Inc will post -2.41 EPS for the current fiscal year.
A number of research firms have recently weighed in on PDVW. B. Riley reissued a “buy” rating and issued a $59.00 price target on shares of pdvWireless in a research note on Friday, December 15th. BidaskClub raised pdvWireless from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded pdvWireless from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, ValuEngine downgraded pdvWireless from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th.
A number of institutional investors have recently modified their holdings of PDVW. The Manufacturers Life Insurance Company raised its stake in pdvWireless by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock worth $190,000 after buying an additional 448 shares during the period. Dimensional Fund Advisors LP acquired a new stake in pdvWireless during the 3rd quarter worth $212,000. State Board of Administration of Florida Retirement System acquired a new stake in pdvWireless during the 3rd quarter worth $215,000. Teachers Advisors LLC raised its stake in pdvWireless by 2.2% during the 2nd quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock worth $420,000 after buying an additional 391 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in pdvWireless by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,852 shares of the wireless provider’s stock worth $789,000 after buying an additional 209 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “pdvWireless Inc (PDVW) EVP Sells $30,105.00 in Stock” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://ledgergazette.com/2018/01/16/pdvwireless-inc-pdvw-evp-sells-30105-00-in-stock.html.
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.
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.