TheStreet upgraded shares of pdvWireless (NASDAQ:PDVW) from a d+ rating to a c- rating in a report published on Wednesday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of pdvWireless from a hold rating to a buy rating and set a $36.00 price target for the company in a research note on Wednesday, October 18th. B. Riley restated a buy rating and set a $59.00 price target on shares of pdvWireless in a research note on Wednesday, November 8th. BidaskClub lowered shares of pdvWireless from a strong-buy rating to a buy rating in a research note on Thursday, December 21st. Finally, ValuEngine upgraded shares of pdvWireless from a sell rating to a hold rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $47.50.

Shares of pdvWireless (NASDAQ PDVW) opened at $30.35 on Wednesday. pdvWireless has a one year low of $19.90 and a one year high of $36.40. The stock has a market cap of $477.61, a P/E ratio of -12.19 and a beta of 0.60.

pdvWireless (NASDAQ:PDVW) last issued its quarterly earnings results on Tuesday, November 7th. The wireless provider reported ($0.57) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.06. pdvWireless had a negative net margin of 613.47% and a negative return on equity of 17.38%. analysts forecast that pdvWireless will post -2.41 earnings per share for the current year.

In other pdvWireless news, major shareholder Owl Creek Asset Management, L. acquired 26,863 shares of pdvWireless stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of $30.54 per share, for a total transaction of $820,396.02. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard E. Rohmann sold 900 shares of pdvWireless stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $33.45, for a total transaction of $30,105.00. Following the completion of the transaction, the executive vice president now owns 11,309 shares of the company’s stock, valued at $378,286.05. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 297,331 shares of company stock valued at $9,405,518 and sold 2,700 shares valued at $85,842. 10.91% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in pdvWireless by 1.6% in the 4th quarter. BlackRock Inc. now owns 646,386 shares of the wireless provider’s stock valued at $20,749,000 after buying an additional 10,333 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in pdvWireless by 12.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 40,238 shares of the wireless provider’s stock valued at $1,292,000 after buying an additional 4,472 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in pdvWireless in the 3rd quarter valued at approximately $212,000. State Board of Administration of Florida Retirement System purchased a new position in pdvWireless in the 3rd quarter valued at approximately $215,000. Finally, The Manufacturers Life Insurance Company grew its stake in pdvWireless by 5.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after buying an additional 448 shares in the last quarter. Institutional investors and hedge funds own 91.92% of the company’s stock.

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About pdvWireless

pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.

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