Somewhat Favorable Press Coverage Somewhat Unlikely to Affect pdvWireless (PDVW) Stock Price

Media stories about pdvWireless (NASDAQ:PDVW) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. pdvWireless earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the wireless provider an impact score of 44.7286558248109 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

NASDAQ:PDVW traded up $0.30 during midday trading on Thursday, hitting $30.30. The company had a trading volume of 9,858 shares, compared to its average volume of 16,182. pdvWireless has a 52-week low of $21.40 and a 52-week high of $39.75. The firm has a market capitalization of $434.91, a PE ratio of -11.19 and a beta of 0.70.

pdvWireless (NASDAQ:PDVW) last announced its earnings results on Tuesday, February 6th. The wireless provider reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.02. pdvWireless had a negative net margin of 613.47% and a negative return on equity of 17.38%. The company had revenue of $1.60 million during the quarter, compared to analyst estimates of $1.50 million. equities analysts predict that pdvWireless will post -2.36 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of pdvWireless from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 13th. ValuEngine upgraded shares of pdvWireless from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. B. Riley reiterated a “buy” rating and issued a $59.00 target price on shares of pdvWireless in a research report on Friday, December 15th. Zacks Investment Research lowered shares of pdvWireless from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, TheStreet upgraded shares of pdvWireless from a “d+” rating to a “c-” rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.50.

In other pdvWireless news, EVP Richard E. Rohmann sold 900 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $30.02, for a total transaction of $27,018.00. Following the completion of the sale, the executive vice president now directly owns 11,011 shares in the company, valued at $330,550.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 2,700 shares of company stock valued at $90,567. Company insiders own 10.91% of the company’s stock.

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pdvWireless Company Profile

pdvWireless, Inc operates as a wireless communications carrier, and provider of network and mobile communication solutions to infrastructure and enterprise customers. The company is deploying push-to-talk networks and two-way radio service to businesses in industry verticals, such as construction, distribution, transportation, field services, waste management, and hospitality.

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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