Press coverage about Orbcomm (NASDAQ:ORBC) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Orbcomm earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.5407298494508 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Orbcomm from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Chardan Capital reissued a “buy” rating on shares of Orbcomm in a research note on Sunday, March 4th. Canaccord Genuity dropped their price objective on shares of Orbcomm from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, March 2nd. BidaskClub cut Orbcomm from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Finally, Roth Capital initiated coverage on Orbcomm in a report on Friday, February 2nd. They set a “buy” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.67.
ORBC stock opened at $9.24 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.46 and a debt-to-equity ratio of 1.00. The company has a market cap of $726.49, a P/E ratio of -11.00 and a beta of 0.94. Orbcomm has a 12-month low of $8.63 and a 12-month high of $11.99.
Orbcomm (NASDAQ:ORBC) last issued its earnings results on Thursday, March 1st. The technology company reported ($0.10) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). Orbcomm had a negative return on equity of 10.07% and a negative net margin of 24.11%. The firm had revenue of $75.98 million for the quarter, compared to analyst estimates of $71.68 million. During the same period last year, the company earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 62.4% on a year-over-year basis. sell-side analysts expect that Orbcomm will post -0.19 earnings per share for the current year.
In related news, Director Jerome B. Eisenberg sold 5,000 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $9.21, for a total value of $46,050.00. Following the completion of the transaction, the director now owns 959,998 shares in the company, valued at approximately $8,841,581.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc Eisenberg sold 11,770 shares of the stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $10.23, for a total value of $120,407.10. Following the completion of the transaction, the chief executive officer now owns 378,278 shares of the company’s stock, valued at approximately $3,869,783.94. The disclosure for this sale can be found here. In the last three months, insiders sold 28,675 shares of company stock valued at $284,145. Company insiders own 7.80% of the company’s stock.
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ORBCOMM Inc provides Internet of Things solutions in the United States, South America, Japan, Europe, and internationally. The company offers solutions, including network connectivity, devices, device management, and Web reporting applications that are designed to track, monitor, control, and enhance security for various assets, including trailers, trucks, rail cars, sea containers, power generators, fluid tanks, marine vessels, diesel or electric powered generators, oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters in industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime, and government.
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