Pacific DataVision Inc. (NASDAQ:PDVW) shares dropped 2% on Thursday . The company traded as low as $22.41 and last traded at $22.55, with a volume of 65,957 shares changing hands. The stock had previously closed at $23.00.

A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of Pacific DataVision from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Zacks Investment Research lowered shares of Pacific DataVision from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 20th. FBR & Co raised their target price on shares of Pacific DataVision from $43.00 to $77.00 and gave the company an “outperform” rating in a research note on Tuesday, May 31st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $50.00 target price (down from $79.00) on shares of Pacific DataVision in a research note on Wednesday, June 15th.

The stock’s 50-day moving average price is $21.96 and its 200-day moving average price is $28.41. The stock’s market cap is $321.04 million.

Pacific DataVision (NASDAQ:PDVW) last released its quarterly earnings results on Monday, June 13th. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by $0.09. The firm had revenue of $0.95 million for the quarter. Pacific DataVision’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.44) earnings per share. Equities research analysts anticipate that Pacific DataVision Inc. will post ($1.46) earnings per share for the current fiscal year.

In other Pacific DataVision news, Vice Chairman Morgan E. Obrien acquired 5,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were acquired at an average price of $20.96 per share, with a total value of $104,800.00. Following the completion of the transaction, the insider now directly owns 15,434 shares in the company, valued at approximately $323,496.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Owl Creek Asset Management, L. acquired 15,376 shares of the business’s stock in a transaction dated Tuesday, July 12th. The stock was acquired at an average cost of $24.06 per share, for a total transaction of $369,946.56. The disclosure for this purchase can be found here.

pdvWireless, Inc, formerly Pacific DataVision, Inc focuses on wireless industry and delivering its two-way radio services that include cloud-based mobile work-force management solutions. The Company provides end users with a true push-to-talk (PTT) experience, which uses technology that helps business customers in field communication, documentation and productivity to the next level.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.