pdvWireless (PDVW) Upgraded to “Strong-Buy” at BidaskClub
BidaskClub upgraded shares of pdvWireless (NASDAQ:PDVW) from a buy rating to a strong-buy rating in a research report report published on Friday morning.
A number of other research analysts have also issued reports on PDVW. B. Riley reissued a buy rating and issued a $59.00 target price on shares of pdvWireless in a report on Thursday, October 5th. ValuEngine lowered pdvWireless from a hold rating to a sell rating in a report on Thursday, October 12th. Finally, Zacks Investment Research raised pdvWireless from a hold rating to a buy rating and set a $36.00 target price on the stock in a report on Wednesday, October 18th.
pdvWireless (NASDAQ PDVW) traded up $0.35 during trading hours on Friday, hitting $34.75. The stock had a trading volume of 59,637 shares, compared to its average volume of 37,264. pdvWireless has a 1-year low of $18.70 and a 1-year high of $36.00.
In related news, EVP Richard E. Rohmann sold 900 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $30.60, for a total transaction of $27,540.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Owl Creek Asset Management, L. acquired 14,749 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average cost of $29.26 per share, for a total transaction of $431,555.74. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 333,398 shares of company stock worth $10,437,862 and have sold 2,700 shares worth $82,845. Corporate insiders own 10.91% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new position in pdvWireless during the third quarter worth $212,000. Schwab Charles Investment Management Inc. grew its holdings in pdvWireless by 5.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 35,766 shares of the wireless provider’s stock worth $1,066,000 after acquiring an additional 1,914 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in pdvWireless during the third quarter worth $215,000. The Manufacturers Life Insurance Company grew its holdings in pdvWireless by 5.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock worth $190,000 after acquiring an additional 448 shares during the period. Finally, State Street Corp grew its holdings in pdvWireless by 6.4% during the second quarter. State Street Corp now owns 200,591 shares of the wireless provider’s stock worth $4,674,000 after acquiring an additional 12,020 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: “pdvWireless (PDVW) Upgraded to “Strong-Buy” at BidaskClub” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/pdvwireless-pdvw-upgraded-to-strong-buy-at-bidaskclub/1768432.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 Analyst Ratings Network's FREE daily email newsletter.