ORBCOMM (ORBC) Getting Somewhat Negative News Coverage, Analysis Finds

News articles about ORBCOMM (NASDAQ:ORBC) have been trending somewhat negative recently, according to AlphaOne. AlphaOne, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ORBCOMM earned a media sentiment score of -0.04 on AlphaOne’s scale. AlphaOne also assigned news coverage about the technology company an impact score of 80 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Alpha One’s rankings:

ORBC has been the subject of several recent research reports. Canaccord Genuity reissued a “buy” rating and issued a $14.00 price target on shares of ORBCOMM in a research report on Tuesday, April 11th. Chardan Capital reissued a “buy” rating and issued a $11.50 price target on shares of ORBCOMM in a research report on Thursday, March 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $13.17.

Shares of ORBCOMM (NASDAQ:ORBC) traded down 0.41% during trading on Friday, reaching $9.61. 296,863 shares of the company’s stock traded hands. ORBCOMM has a 1-year low of $7.15 and a 1-year high of $10.98. The stock has a 50-day moving average of $9.31 and a 200-day moving average of $8.76. The company’s market capitalization is $683.09 million.

ORBCOMM (NASDAQ:ORBC) last posted its quarterly earnings results on Tuesday, February 28th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.04). ORBCOMM had a negative net margin of 10.86% and a negative return on equity of 2.86%. The company had revenue of $46.80 million for the quarter, compared to the consensus estimate of $49.47 million. ORBCOMM’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that ORBCOMM will post ($0.09) EPS for the current fiscal year.

In other news, Director Jerome B. Eisenberg sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $8.22, for a total value of $41,100.00. Following the transaction, the director now directly owns 984,780 shares in the company, valued at approximately $8,094,891.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marc Eisenberg sold 23,583 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $9.56, for a total transaction of $225,453.48. Following the completion of the transaction, the chief executive officer now owns 275,321 shares in the company, valued at $2,632,068.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,000 shares of company stock worth $460,238. Insiders own 9.50% of the company’s stock.

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ORBCOMM Company Profile

ORBCOMM Inc is a provider of machine-to-machine (M2M) solutions, including network connectivity, devices and Web reporting applications. The Company’s M2M products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, intermodal containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in the transportation and distribution, heavy equipment, oil and gas, maritime and government industries.

5 Day Chart for NASDAQ:ORBC

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