WidePoint Co. (WYY) Director Otto J. Guenther Acquires 60,000 Shares

WidePoint Co. (NYSEAMERICAN:WYY) Director Otto J. Guenther acquired 60,000 shares of the stock in a transaction dated Friday, November 17th. The stock was acquired at an average price of $0.58 per share, with a total value of $34,800.00. Following the completion of the acquisition, the director now owns 60,000 shares in the company, valued at approximately $34,800. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

WidePoint Co. (WYY) traded up $0.02 during trading hours on Wednesday, reaching $0.61. 193,600 shares of the company were exchanged, compared to its average volume of 151,525. WidePoint Co. has a 52 week low of $0.39 and a 52 week high of $0.96.

WidePoint (NYSEAMERICAN:WYY) last posted its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.00 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.01. WidePoint had a negative net margin of 6.89% and a negative return on equity of 19.55%. The company had revenue of $18.46 million during the quarter, compared to analyst estimates of $19.14 million.

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An institutional investor recently raised its position in WidePoint stock. Intellectus Partners LLC boosted its position in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 2.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 237,855 shares of the technology company’s stock after buying an additional 5,000 shares during the quarter. Intellectus Partners LLC owned approximately 0.29% of WidePoint worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of brokerages have recently weighed in on WYY. Zacks Investment Research upgraded shares of WidePoint from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. B. Riley reiterated a “buy” rating and set a $1.00 price target on shares of WidePoint in a report on Wednesday, November 15th. Finally, ValuEngine lowered shares of WidePoint from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

WidePoint Company Profile

WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.

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