Pacific DataVision Inc. (PDVW) Shares Up 3.8%
Pacific DataVision Inc. (NASDAQ:PDVW)’s share price shot up 3.8% on Tuesday . The company traded as high as $25.64 and last traded at $25.47, with a volume of 164,320 shares traded. The stock had previously closed at $24.54.
A number of research firms have weighed in on PDVW. Zacks Investment Research raised shares of Pacific DataVision from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, June 22nd. FBR & Co reaffirmed a “buy” rating and set a $43.00 price target on shares of Pacific DataVision in a research note on Tuesday, June 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price target (down previously from $79.00) on shares of Pacific DataVision in a research note on Wednesday, June 15th. Finally, TheStreet downgraded shares of Pacific DataVision from a “hold” rating to a “sell” rating in a research note on Friday, June 3rd.
The firm’s market capitalization is $364.40 million. The stock has a 50 day moving average of $22.29 and a 200-day moving average of $27.93.
Pacific DataVision (NASDAQ:PDVW) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by $0.41. During the same quarter in the prior year, the company earned ($0.32) earnings per share. The firm had revenue of $1.05 million for the quarter, compared to the consensus estimate of $0.90 million. Pacific DataVision’s revenue was up 25.0% on a year-over-year basis. On average, equities research analysts forecast that Pacific DataVision Inc. will post ($2.01) EPS for the current fiscal year.
In other news, Director John C. Sites, Jr. bought 5,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average cost of $19.75 per share, with a total value of $98,750.00. Following the completion of the transaction, the director now directly owns 37,788 shares in the company, valued at approximately $746,313. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Brian Mcauley bought 9,000 shares of the company’s stock in a transaction dated Friday, June 17th. The stock was purchased at an average cost of $21.45 per share, for a total transaction of $193,050.00. Following the completion of the transaction, the chairman now owns 382,636 shares of the company’s stock, valued at $8,207,542.20. 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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