Shares of Pacific DataVision Inc. (NASDAQ:PDVW) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $61.00 for the company and are expecting that the company will post ($0.50) EPS for the current quarter, according to Zacks. Zacks has also given Pacific DataVision an industry rank of 64 out of 265 based on the ratings given to its competitors.
PDVW has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Pacific DataVision from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, June 22nd. Canaccord Genuity reiterated a “buy” rating and set a $50.00 price target (down previously from $79.00) on shares of Pacific DataVision in a research report on Wednesday, June 15th. FBR & Co reiterated a “buy” rating and set a $43.00 price target on shares of Pacific DataVision in a research report on Tuesday, June 14th. Finally, TheStreet downgraded Pacific DataVision from a “hold” rating to a “sell” rating in a research report on Friday, June 3rd.
In other news, major shareholder Owl Creek Asset Management, L. bought 15,376 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The shares were acquired at an average price of $24.06 per share, for a total transaction of $369,946.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Harvey Leon Frazier bought 3,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was purchased at an average price of $24.22 per share, for a total transaction of $72,660.00. Following the transaction, the insider now owns 9,760 shares of the company’s stock, valued at $236,387.20. The disclosure for this purchase can be found here. 9.85% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Pacific DataVision by 2.1% in the first quarter. Geode Capital Management LLC now owns 85,892 shares of the company’s stock valued at $2,949,000 after buying an additional 1,731 shares in the last quarter. State Street Corp boosted its stake in Pacific DataVision by 6.9% in the first quarter. State Street Corp now owns 203,981 shares of the company’s stock valued at $7,005,000 after buying an additional 13,149 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Pacific DataVision by 636.5% in the first quarter. UBS Asset Management Americas Inc. now owns 204,354 shares of the company’s stock valued at $7,018,000 after buying an additional 176,608 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.
Shares of Pacific DataVision (NASDAQ:PDVW) opened at 22.26 on Wednesday. Pacific DataVision has a 1-year low of $18.60 and a 1-year high of $43.04. The firm has a 50-day moving average price of $22.20 and a 200-day moving average price of $27.44. The company’s market cap is $318.47 million.
Pacific DataVision (NASDAQ:PDVW) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by $0.41. The business had revenue of $1.05 million for the quarter, compared to analysts’ expectations of $0.90 million. Pacific DataVision had a negative return on equity of 10.44% and a negative net margin of 734.30%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.32) EPS. On average, equities analysts expect that Pacific DataVision will post ($2.01) EPS for the current year.
Pacific DataVision Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pacific DataVision Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific DataVision Inc. and related companies with MarketBeat.com's FREE daily email newsletter.