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.

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About pdvWireless

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.

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