Orbcomm Inc. (NASDAQ:ORBC)’s share price fell 2.5% on Thursday . The stock traded as low as $10.41 and last traded at $10.41, with a volume of 152,474 shares changing hands. The stock had previously closed at $10.68.

Several research firms have weighed in on ORBC. Canaccord Genuity reaffirmed a “buy” rating and issued a $12.00 target price on shares of Orbcomm in a research report on Monday, April 4th. First Analysis boosted their price objective on Orbcomm from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Orbcomm currently has a consensus rating of “Buy” and a consensus price target of $11.45.

The company’s market capitalization is $734.88 million. The company has a 50-day moving average price of $9.68 and a 200 day moving average price of $8.97.

Orbcomm (NASDAQ:ORBC) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). On average, analysts predict that Orbcomm Inc. will post ($0.11) EPS for the current year.

In related news, Director Jerome B. Eisenberg sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $9.46, for a total value of $47,300.00. Following the sale, the director now owns 1,013,791 shares of the company’s stock, valued at approximately $9,590,462.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Several hedge funds recently made changes to their positions in the company. Sei Investments Co. bought a new stake in shares of Orbcomm during the fourth quarter valued at about $1,056,000. EAM Investors LLC bought a new stake in shares of Orbcomm during the fourth quarter valued at about $1,093,000. Morgan Stanley increased its stake in shares of Orbcomm by 6.5% in the fourth quarter. Morgan Stanley now owns 186,647 shares of the company’s stock valued at $1,351,000 after buying an additional 11,324 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Orbcomm by 4.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 791,683 shares of the company’s stock valued at $5,732,000 after buying an additional 36,604 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Orbcomm by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,054,074 shares of the company’s stock valued at $29,352,000 after buying an additional 168,257 shares during the period.

ORBCOMM Inc is a provider of machine-to-machine (M2M) solutions, including network connectivity, devices and Web reporting applications. The Company’s M2M products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, intermodal 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 the transportation and distribution, heavy equipment, oil and gas, maritime and government industries.

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