Orbcomm Inc (NASDAQ:ORBC): Positive Stock Sentiment

October 20, 2017 - By Clifton Ray

 Orbcomm Inc (NASDAQ:ORBC): Positive Stock Sentiment

Sentiment for Orbcomm Inc (NASDAQ:ORBC)

Orbcomm Inc (NASDAQ:ORBC) institutional sentiment increased to 1.69 in 2017 Q2. Its up 0.34, from 1.35 in 2017Q1. The ratio has improved, as 66 funds started new and increased equity positions, while 39 decreased and sold their stock positions in Orbcomm Inc. The funds in our partner’s database now own: 54.56 million shares, down from 54.75 million shares in 2017Q1. Also, the number of funds holding Orbcomm Inc in their top 10 equity positions increased from 1 to 3 for an increase of 2. Sold All: 6 Reduced: 33 Increased: 42 New Position: 24.

ORBCOMM Inc. is a provider of Internet of Things solutions, including network connectivity, devices, device management and Web reporting applications. The company has market cap of $820.98 million. The Company’s IoT services and products are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, sea containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), gas and oil wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime and government. It currently has negative earnings. It also provides Automatic Identification System (AIS) data services to assist in vessel navigation and to manage maritime safety for government and commercial clients across the world.

About 210,515 shares traded. ORBCOMM Inc (NASDAQ:ORBC) has risen 5.18% since October 20, 2016 and is uptrending. It has underperformed by 11.52% the S&P500.

Investors wait ORBCOMM Inc (NASDAQ:ORBC) to report on November, 1. its quarterly earnings Wall Street analysts expect $-0.10 EPS, down $0.06 or 150.00 % from last year’s $-0.04 same quarter earnings. ORBCOMM Inc’s Wall Street analysts see -16.67 % EPS growth, taking into account the $-0.12 EPS reproted in the previous quarter,

Levy Harkins & Co Inc holds 10.79% of its portfolio in ORBCOMM Inc for 2.74 million shares. Goodman Financial Corp owns 573,219 shares or 3.34% of their US portfolio. Moreover, Venator Capital Management Ltd. has 3.25% invested in the company for 271,859 shares. The Pennsylvania-based Millrace Asset Group Inc. has invested 2.46% in the stock. Rk Capital Management Llc, a Colorado-based fund reported 931,623 shares.#img1#

Since January 1, 0001, it had 0 buys, and 4 insider sales for $586,896 activity.

ORBCOMM Inc (NASDAQ:ORBC) Ratings Coverage

Ratings analysis reveals 100% of ORBCOMM’s analysts are positive. Out of 4 Wall Street analysts rating ORBCOMM, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $1 while the high is $16. The stock’s average target of $14 is 25.34% above today’s ($11.17) share price. ORBC was included in 12 notes of analysts from March 14, 2016. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, August 3. Northland Capital maintained ORBCOMM Inc (NASDAQ:ORBC) on Monday, March 14 with “Outperform” rating. Canaccord Genuity maintained ORBCOMM Inc (NASDAQ:ORBC) rating on Monday, June 12. Canaccord Genuity has “Buy” rating and $1400 target. On Monday, October 16 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Thursday, August 10. Canaccord Genuity maintained the shares of ORBC in report on Wednesday, July 12 with “Buy” rating. The firm has “Buy” rating given on Friday, September 29 by Northland Capital. The stock of ORBCOMM Inc (NASDAQ:ORBC) earned “Buy” rating by Northland Capital on Monday, August 28. The stock has “Outperform” rating by Macquarie Research on Monday, October 31. The rating was maintained by Canaccord Genuity with “Buy” on Monday, September 11.

Another recent and important ORBCOMM Inc (NASDAQ:ORBC) news was published by Streetinsider.com which published an article titled: “ORBCOMM (ORBC) Buys Blue Tree Systems” on October 02, 2017.

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