pdvWireless Inc (NASDAQ:PDVW) – Equities research analysts at B. Riley issued their Q1 2020 EPS estimates for shares of pdvWireless in a report released on Monday, February 11th. B. Riley analyst M. Crawford expects that the wireless provider will post earnings per share of ($0.60) for the quarter. B. Riley also issued estimates for pdvWireless’ Q2 2020 earnings at ($0.74) EPS, Q3 2020 earnings at ($0.63) EPS, Q4 2020 earnings at ($0.77) EPS and FY2020 earnings at ($2.73) EPS.
Other equities analysts have also recently issued reports about the company. BidaskClub upgraded pdvWireless from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 28th. Zacks Investment Research lowered shares of pdvWireless from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. pdvWireless currently has a consensus rating of “Hold” and a consensus target price of $46.00.
pdvWireless stock opened at $41.72 on Tuesday. pdvWireless has a 52-week low of $22.50 and a 52-week high of $47.87. The stock has a market cap of $590.35 million, a price-to-earnings ratio of -17.91 and a beta of 0.57.
pdvWireless (NASDAQ:PDVW) last released its quarterly earnings results on Friday, February 8th. The wireless provider reported ($0.54) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.10. The company had revenue of $1.50 million for the quarter, compared to analyst estimates of $1.69 million. pdvWireless had a negative return on equity of 16.56% and a negative net margin of 591.27%.
Institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC increased its holdings in pdvWireless by 150.0% in the 4th quarter. FNY Investment Advisers LLC now owns 4,500 shares of the wireless provider’s stock worth $168,000 after acquiring an additional 2,700 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of pdvWireless during the 3rd quarter valued at $198,000. Strategic Family Wealth Counselors L.L.C. acquired a new stake in pdvWireless during the fourth quarter valued at approximately $238,000. Stephens Inc. AR bought a new position in shares of pdvWireless during the 4th quarter worth about $259,000. Finally, MetLife Investment Advisors LLC acquired a new position in pdvWireless during the third quarter worth $238,000. 88.43% of the stock is currently owned by hedge funds and other institutional investors.
pdvWireless Company Profile
pdvWireless, Inc, a wireless communication company, provides network and mobile communication solutions to infrastructure and enterprise customers primarily in the United States. It offers TeamConnect service, which combines pdvConnect, a proprietary suite of mobile communication and workforce management applications with digital network architecture and mobile devices supplied by Motorola Solutions, Inc The company's mobile communication and workforce management solutions enable businesses to locate and communicate with their field workers, as well as enhance the documentation of work events and job status.
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