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

PDVW has been the topic of a number of analyst reports. FBR & Co upped their price target on Pacific DataVision from $43.00 to $77.00 and gave the company an “outperform” rating in a research report on Tuesday, May 31st. TheStreet cut Pacific DataVision from a “hold” rating to a “sell” rating in a research report on Friday, June 3rd. Zacks Investment Research cut Pacific DataVision from a “buy” rating to a “sell” rating in a research report on Saturday, August 13th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $50.00 price target (down from $79.00) on shares of Pacific DataVision in a research report on Wednesday, June 15th.

The company has a 50 day moving average of $22.36 and a 200 day moving average of $27.86. The firm’s market cap is $346.23 million.

Pacific DataVision (NASDAQ:PDVW) last announced its quarterly earnings data 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. The business earned $1.05 million during the quarter, compared to analysts’ expectations of $0.90 million. Pacific DataVision’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. On average, equities analysts expect that Pacific DataVision Inc. will post ($2.01) EPS for the current fiscal year.

In related news, Chairman Brian Mcauley acquired 9,000 shares of the company’s stock in a transaction on Friday, June 17th. The stock was purchased at an average cost of $21.45 per share, with a total value of $193,050.00. Following the acquisition, the chairman now directly owns 382,636 shares of the company’s stock, valued at $8,207,542.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Sites, Jr. acquired 5,000 shares of the company’s stock in a transaction on Wednesday, June 15th. The stock was bought at an average cost of $19.75 per share, with a total value of $98,750.00. Following the completion of the acquisition, the director now directly 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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