DISH Network Corp Insider Unloads $12,644,000 in Stock (DISH)
DISH Network Corp (NASDAQ:DISH) Insider David K. Moskowitz sold 200,000 shares of DISH Network Corp stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $63.22, for a total transaction of $12,644,000.00. Following the completion of the sale, the insider now directly owns 127,779 shares in the company, valued at approximately $8,078,188. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
DISH has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of DISH Network Corp in a research note on Thursday. They now have a $66.00 price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $59.25.
Shares of DISH Network Corp (NASDAQ:DISH) traded down 0.85% on Monday, hitting $65.08. The stock had a trading volume of 1,907,801 shares. DISH Network Corp has a 52-week low of $41.33 and a 52-week high of $65.75. The stock’s 50-day moving average is $60.09 and its 200-day moving average is $58.85. The company has a market cap of $29.872 billion and a P/E ratio of 39.52.
DISH Network Corp (NASDAQ:DISH) last posted its quarterly earnings results 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 $1.77 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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