DISH Network Corp Insider Sells $5,884,022 in Stock (DISH)
DISH Network Corp (NASDAQ:DISH) Insider Michael Kelly sold 95,753 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $61.45, for a total transaction of $5,884,021.85. Following the transaction, the insider now directly owns 1,303 shares of the company’s stock, valued at approximately $80,069. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
DISH Network Corp (NASDAQ:DISH) traded down 0.48% during mid-day trading on Tuesday, hitting $62.19. 1,691,136 shares of the company’s stock traded hands. DISH Network Corp has a 52-week low of $38.73 and a 52-week high of $64.52. The stock has a 50-day moving average of $59. and a 200-day moving average of $58.5. The company has a market cap of $28.546 billion and a P/E ratio of 37.62.
DISH Network Corp (NASDAQ:DISH) last released its earnings data on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter 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.
A number of analysts have recently weighed in on DISH shares. 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 investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.20.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.