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

PDVW has been the subject of several recent research reports. TheStreet downgraded Pacific DataVision from a “hold” rating to a “sell” rating in a report on Friday, June 3rd. Zacks Investment Research downgraded Pacific DataVision from a “buy” rating to a “hold” rating in a report on Thursday, June 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price target (down from $79.00) on shares of Pacific DataVision in a report on Wednesday, June 15th. Finally, FBR & Co reaffirmed a “buy” rating and set a $43.00 price target on shares of Pacific DataVision in a report on Tuesday, June 14th.

The firm’s market capitalization is $318.32 million. The company’s 50 day moving average price is $21.93 and its 200-day moving average price is $28.38.

Pacific DataVision (NASDAQ:PDVW) last announced its earnings results on Monday, June 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.38) by $0.09. The business earned $0.95 million during the quarter. During the same period last year, the business posted ($0.44) EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts expect that Pacific DataVision Inc. will post ($1.46) EPS for the current year.

In other Pacific DataVision news, Director Peter Schiff bought 10,000 shares of the business’s stock in a transaction on Friday, June 17th. The shares were bought at an average cost of $21.49 per share, with a total value of $214,900.00. Following the transaction, the director now directly owns 12,282 shares in the company, valued at approximately $263,940.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Sites, Jr. bought 5,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was acquired at an average cost of $19.75 per share, for a total transaction of $98,750.00. Following the completion of the transaction, the director now owns 37,788 shares in the company, valued at $746,313. 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.

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