BidaskClub lowered shares of pdvWireless (NASDAQ:PDVW) from a hold rating to a sell rating in a research report released on Tuesday, BidAskClub reports.

A number of other analysts have also recently weighed in on PDVW. Zacks Investment Research cut pdvWireless from a buy rating to a hold rating in a research report on Wednesday, April 3rd. ValuEngine raised pdvWireless from a buy rating to a strong-buy rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. pdvWireless presently has an average rating of Buy and an average target price of $48.00.

pdvWireless stock opened at $33.98 on Tuesday. pdvWireless has a twelve month low of $22.50 and a twelve month high of $48.39. The company has a market cap of $513.91 million, a price-to-earnings ratio of -14.58 and a beta of 0.53.

pdvWireless (NASDAQ:PDVW) last posted its quarterly earnings data on Friday, February 8th. The wireless provider reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.10. pdvWireless had a negative return on equity of 16.82% and a negative net margin of 591.27%. The company had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $1.69 million. Equities analysts predict that pdvWireless will post -2.86 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of pdvWireless by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 111,470 shares of the wireless provider’s stock worth $4,167,000 after acquiring an additional 5,254 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of pdvWireless by 42.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 104,256 shares of the wireless provider’s stock worth $3,898,000 after acquiring an additional 31,120 shares in the last quarter. Worth Venture Partners LLC acquired a new position in shares of pdvWireless in the fourth quarter worth about $42,000. Legal & General Group Plc lifted its stake in shares of pdvWireless by 45.3% in the fourth quarter. Legal & General Group Plc now owns 1,885 shares of the wireless provider’s stock worth $70,000 after acquiring an additional 588 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of pdvWireless by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,260 shares of the wireless provider’s stock worth $122,000 after acquiring an additional 2,546 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

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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