News headlines about ORBCOMM (NASDAQ:ORBC) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ORBCOMM earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.9394693268266 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern’s rankings:

ORBCOMM (NASDAQ:ORBC) opened at $9.99 on Friday. The firm has a market capitalization of $716.94, a PE ratio of -11.89 and a beta of 0.96. The company has a quick ratio of 2.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.99. ORBCOMM has a one year low of $8.72 and a one year high of $11.99.

ORBCOMM (NASDAQ:ORBC) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). The firm had revenue of $75.98 million for the quarter, compared to analyst estimates of $71.68 million. ORBCOMM had a negative return on equity of 9.83% and a negative net margin of 24.11%. The company’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. equities analysts predict that ORBCOMM will post -0.14 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on ORBC shares. Canaccord Genuity decreased their target price on ORBCOMM from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday. BidaskClub lowered ORBCOMM from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded ORBCOMM from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Northland Securities set a $15.00 target price on ORBCOMM and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Roth Capital started coverage on ORBCOMM in a research note on Friday, February 2nd. They issued a “buy” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. ORBCOMM presently has a consensus rating of “Buy” and a consensus price target of $13.67.

In other news, EVP Craig Malone sold 7,923 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $10.89, for a total transaction of $86,281.47. Following the transaction, the executive vice president now directly owns 33,496 shares in the company, valued at approximately $364,771.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Eisenberg sold 23,960 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $10.89, for a total value of $260,924.40. Following the transaction, the chief executive officer now owns 366,508 shares in the company, valued at $3,991,272.12. The disclosure for this sale can be found here. Insiders have sold a total of 43,994 shares of company stock worth $479,117 over the last quarter. Corporate insiders own 9.50% of the company’s stock.

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ORBCOMM Company Profile

ORBCOMM Inc is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and Web reporting applications. The Company’s IoT products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, sea containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime and government.

Insider Buying and Selling by Quarter for ORBCOMM (NASDAQ:ORBC)

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