DISH Network Corp Treasurer Unloads $316,250 in Stock (DISH)
DISH Network Corp (NASDAQ:DISH) Treasurer Kyle J. Kiser sold 5,060 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $62.50, for a total transaction of $316,250.00. Following the completion of the sale, the treasurer now directly owns 37,861 shares in the company, valued at approximately $2,366,313. The sale was disclosed in a document filed with the SEC, which is available at this link.
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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. DISH Network Corp presently has an average rating of “Hold” and an average target price of $59.20.
Shares of DISH Network Corp (NASDAQ:DISH) traded up 1.51% on Wednesday, hitting $63.13. 1,678,772 shares of the company’s stock traded hands. DISH Network Corp has a 52-week low of $40.31 and a 52-week high of $64.52. The stock’s 50-day moving average is $59.7 and its 200-day moving average is $58.62. The company has a market cap of $28.977 billion and a price-to-earnings ratio of 37.44.
DISH Network Corp (NASDAQ:DISH) last announced its earnings results 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. On average, analysts predict that DISH Network Corp will post $1.77 earnings per share for the current fiscal year.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
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