pdvWireless (NASDAQ:PDVW) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

Several other research firms have also recently weighed in on PDVW. Zacks Investment Research upgraded shares of pdvWireless from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a research note on Thursday, February 14th. ValuEngine cut shares of pdvWireless from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 11th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $48.00.

NASDAQ PDVW opened at $44.20 on Friday. pdvWireless has a twelve month low of $22.50 and a twelve month high of $48.39. The stock has a market capitalization of $652.53 million, a P/E ratio of -18.97 and a beta of 0.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDVW. Dimensional Fund Advisors LP lifted its stake in shares of pdvWireless by 55.8% in the first quarter. Dimensional Fund Advisors LP now owns 162,408 shares of the wireless provider’s stock valued at $5,709,000 after buying an additional 58,152 shares during the period. Atika Capital Management LLC bought a new stake in shares of pdvWireless in the first quarter valued at about $1,336,000. D. E. Shaw & Co. Inc. bought a new stake in shares of pdvWireless in the fourth quarter valued at about $1,038,000. Marshall Wace LLP bought a new stake in shares of pdvWireless in the first quarter valued at about $428,000. Finally, BlackRock Inc. lifted its stake in shares of pdvWireless by 1.8% in the first quarter. BlackRock Inc. now owns 673,962 shares of the wireless provider’s stock valued at $23,696,000 after buying an additional 11,859 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

About pdvWireless

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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