WidePoint’s (WYY) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of WidePoint (NYSEAMERICAN:WYY) in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a $9.00 price target on the technology company’s stock. HC Wainwright also issued estimates for WidePoint’s Q1 2026 earnings at ($0.16) EPS, Q2 2026 earnings at ($0.01) EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at $0.02 EPS and FY2026 earnings at ($0.15) EPS.

WidePoint Stock Performance

WidePoint stock opened at $4.98 on Monday. The stock has a 50-day simple moving average of $5.22 and a 200 day simple moving average of $5.82. The stock has a market capitalization of $49.15 million, a P/E ratio of -17.17 and a beta of 1.45. WidePoint has a 52 week low of $2.19 and a 52 week high of $7.55.

WidePoint (NYSEAMERICAN:WYY) last released its quarterly earnings data on Wednesday, March 25th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08). WidePoint had a negative net margin of 1.83% and a negative return on equity of 22.35%. The business had revenue of $42.32 million during the quarter, compared to the consensus estimate of $40.28 million. Research analysts forecast that WidePoint will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On WidePoint

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of WidePoint by 98.6% in the fourth quarter. Jane Street Group LLC now owns 52,751 shares of the technology company’s stock valued at $283,000 after purchasing an additional 26,193 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of WidePoint by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock worth $709,000 after buying an additional 3,898 shares during the last quarter. Informed Momentum Co LLC acquired a new stake in shares of WidePoint during the 4th quarter worth about $527,000. O Shaughnessy Asset Management LLC bought a new stake in shares of WidePoint during the 4th quarter worth about $152,000. Finally, Geode Capital Management LLC boosted its holdings in shares of WidePoint by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock worth $461,000 after buying an additional 3,675 shares during the period. Institutional investors and hedge funds own 22.60% of the company’s stock.

About WidePoint

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.