pdvWireless (PDVW) EVP Richard E. Rohmann Sells 900 Shares of Stock

pdvWireless (NASDAQ:PDVW) EVP Richard E. Rohmann sold 900 shares of pdvWireless stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $29.66, for a total value of $26,694.00. Following the sale, the executive vice president now directly owns 8,311 shares in the company, valued at $246,504.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ:PDVW opened at $31.40 on Wednesday. pdvWireless has a one year low of $21.40 and a one year high of $39.75.

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

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in pdvWireless by 1.6% in the fourth quarter. BlackRock Inc. now owns 646,386 shares of the wireless provider’s stock worth $20,749,000 after purchasing an additional 10,333 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in pdvWireless by 12.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 40,238 shares of the wireless provider’s stock valued at $1,292,000 after acquiring an additional 4,472 shares during the period. Deutsche Bank AG boosted its stake in pdvWireless by 136.2% in the fourth quarter. Deutsche Bank AG now owns 22,661 shares of the wireless provider’s stock valued at $725,000 after acquiring an additional 13,068 shares during the period. The Manufacturers Life Insurance Company boosted its stake in pdvWireless by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after acquiring an additional 448 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in pdvWireless in the third quarter valued at approximately $212,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

A number of research firms recently commented on PDVW. ValuEngine upgraded pdvWireless from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded pdvWireless from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. BidaskClub downgraded pdvWireless from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, TheStreet upgraded pdvWireless from a “d+” rating to a “c-” rating in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. pdvWireless presently has a consensus rating of “Hold” and a consensus target price of $47.50.

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About pdvWireless

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.

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