Insider Selling: Kyle J. Kiser Unloads 10,000 Shares of DISH Network Corp Stock (DISH)
DISH Network Corp (NASDAQ:DISH) Treasurer Kyle J. Kiser sold 10,000 shares of the stock on the open market in a transaction dated Thursday, June 19th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the transaction, the treasurer now directly owns 37,861 shares in the company, valued at approximately $2,271,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of DISH Network Corp (NASDAQ:DISH) traded up 1.96% on Monday, hitting $62.49. 2,694,908 shares of the company’s stock traded hands. DISH Network Corp has a 1-year low of $38.73 and a 1-year high of $64.52. The stock’s 50-day moving average is $59.76 and its 200-day moving average is $58.40. The company has a market cap of $28.684 billion and a P/E ratio of 36.90.
DISH Network Corp (NASDAQ:DISH) last released its earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.05. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that DISH Network Corp will post $1.76 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of DISH Network Corp from a “neutral” rating to a “buy” rating in a research note on Monday, June 16th. They now have a $40.00 price target on the stock, down previously from $72.00. Separately, analysts at JPMorgan Chase & Co. upgraded shares of DISH Network Corp from a “neutral” rating to an “overweight” rating in a research note on Monday, June 16th. They now have a $72.00 price target on the stock, up previously from $61.00. Finally, analysts at Wunderlich raised their price target on shares of DISH Network Corp from $51.00 to $56.00 in a research note on Tuesday, May 20th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. DISH Network Corp presently has a consensus rating of “Hold” and an average price target of $59.20.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
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