FY2024 EPS Estimates for WidePoint Raised by HC Wainwright

WidePoint Co. (NYSEAMERICAN:WYY) – Investment analysts at HC Wainwright upped their FY2024 earnings per share (EPS) estimates for shares of WidePoint in a report issued on Thursday, November 14th. HC Wainwright analyst S. Buck now expects that the technology company will earn ($0.29) per share for the year, up from their previous forecast of ($0.32). HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for WidePoint’s current full-year earnings is ($0.26) per share. HC Wainwright also issued estimates for WidePoint’s Q4 2024 earnings at ($0.12) EPS and FY2025 earnings at ($0.04) EPS.

WidePoint Price Performance

WYY opened at $5.05 on Monday. WidePoint has a 12-month low of $1.65 and a 12-month high of $5.31. The company has a market capitalization of $49.49 million, a P/E ratio of -16.29 and a beta of 1.65. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27.

Insider Activity at WidePoint

In other WidePoint news, CFO Robert J. George sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.53, for a total value of $31,770.00. Following the completion of the transaction, the chief financial officer now directly owns 115,474 shares in the company, valued at $407,623.22. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have purchased 5,000 shares of company stock worth $17,000 and have sold 10,750 shares worth $38,033. 14.60% of the stock is owned by company insiders.

Institutional Trading of WidePoint

Several institutional investors have recently made changes to their positions in the business. Essex Investment Management Co. LLC grew its stake in WidePoint by 46.2% during the third quarter. Essex Investment Management Co. LLC now owns 46,152 shares of the technology company’s stock valued at $163,000 after acquiring an additional 14,582 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of WidePoint by 41.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,058 shares of the technology company’s stock valued at $256,000 after purchasing an additional 17,991 shares during the last quarter. Finally, Summit Financial Strategies Inc. grew its position in shares of WidePoint by 170.5% during the second quarter. Summit Financial Strategies Inc. now owns 103,068 shares of the technology company’s stock valued at $432,000 after purchasing an additional 64,963 shares in the last quarter. Hedge funds and other institutional investors own 22.60% of the company’s stock.

WidePoint Company Profile

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.