WidePoint (NYSEAMERICAN:WYY) Given “Buy” Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of WidePoint (NYSEAMERICAN:WYY) in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a $7.00 price target on the technology company’s stock.

Separately, Wall Street Zen began coverage on WidePoint in a research note on Tuesday, May 20th. They issued a “hold” rating for the company.

WidePoint Stock Performance

WYY opened at $3.90 on Monday. The company has a fifty day moving average price of $3.24 and a two-hundred day moving average price of $3.55. The firm has a market capitalization of $38.14 million, a PE ratio of -17.73 and a beta of 1.62. WidePoint has a 52 week low of $2.19 and a 52 week high of $6.25.

Insider Transactions at WidePoint

In other WidePoint news, CFO Robert J. George sold 8,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $3.21, for a total value of $25,680.00. Following the transaction, the chief financial officer directly owned 72,452 shares of the company’s stock, valued at $232,570.92. This represents a 9.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 10,000 shares of company stock worth $32,380. Company insiders own 15.50% of the company’s stock.

Institutional Trading of WidePoint

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of WidePoint in the fourth quarter worth $101,000. Dimensional Fund Advisors LP grew its stake in WidePoint by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock worth $394,000 after buying an additional 7,331 shares in the last quarter. Renaissance Technologies LLC increased its holdings in WidePoint by 121.6% in the 4th quarter. Renaissance Technologies LLC now owns 184,400 shares of the technology company’s stock valued at $892,000 after buying an additional 101,176 shares during the period. Geode Capital Management LLC raised its position in shares of WidePoint by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 74,990 shares of the technology company’s stock valued at $363,000 after buying an additional 3,497 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of WidePoint by 87.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 60,527 shares of the technology company’s stock worth $207,000 after acquiring an additional 28,269 shares during the period. Institutional investors and hedge funds own 22.60% of the company’s stock.

About WidePoint

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.