Pacific DataVision Inc. (NASDAQ:PDVW) dropped 6.1% during trading on Thursday . The stock traded as low as $23.50 and last traded at $24.03, with a volume of 73,020 shares traded. The stock had previously closed at $25.59.

PDVW has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Pacific DataVision from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd. TheStreet lowered shares of Pacific DataVision from a “hold” rating to a “sell” rating in a report on Friday, June 3rd. Canaccord Genuity restated a “buy” rating and set a $50.00 price target (down previously from $79.00) on shares of Pacific DataVision in a report on Wednesday, June 15th. Finally, FBR & Co raised their price target on shares of Pacific DataVision from $43.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, May 31st.

The stock has a 50-day moving average of $22.34 and a 200-day moving average of $27.89. The stock’s market capitalization is $343.80 million.

Pacific DataVision (NASDAQ:PDVW) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by $0.41. During the same quarter in the previous year, the company posted ($0.32) EPS. The firm earned $1.05 million during the quarter, compared to analysts’ expectations of $0.90 million. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities research analysts forecast that Pacific DataVision Inc. will post ($2.01) earnings per share for the current year.

In related news, Chairman Brian Mcauley acquired 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The shares were bought 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 in the company, valued at $8,207,542.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Morgan E. Obrien acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The stock was bought at an average price of $20.96 per share, for a total transaction of $104,800.00. Following the completion of the transaction, the insider now owns 15,434 shares of the company’s stock, valued at approximately $323,496.64. 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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