Insider Selling: Michael Kelly Sells 4,247 Shares of DISH Network Corp Stock (DISH)
DISH Network Corp (NASDAQ:DISH) Insider Michael Kelly unloaded 4,247 shares of the company’s stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $60.00, for a total transaction of $254,820.00. Following the completion of the transaction, the insider now directly owns 1,303 shares of the company’s stock, valued at approximately $78,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of DISH Network Corp (NASDAQ:DISH) traded up 1.96% during mid-day trading on Monday, hitting $62.49. The stock had a trading volume of 2,694,908 shares. DISH Network Corp has a 52-week low of $38.73 and a 52-week 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 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.47 earnings per share. DISH Network Corp’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that DISH Network Corp will post $1.76 earnings per share for the current fiscal year.
A number of research firms have recently commented on DISH. 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 equities research 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. The stock 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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