DISH Network Corp Insider Sells $3,250,000 in Stock (DISH)
DISH Network Corp (NASDAQ:DISH) Insider Michael Kelly sold 50,000 shares of DISH Network Corp stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $65.00, for a total value of $3,250,000.00. Following the sale, the insider now directly owns 1,303 shares in the company, valued at approximately $84,695. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
DISH Network Corp (NASDAQ:DISH) traded up 0.81% on Tuesday, hitting $65.61. 1,672,957 shares of the company’s stock traded hands. DISH Network Corp has a 52 week low of $41.33 and a 52 week high of $65.93. The stock’s 50-day moving average is $60.23 and its 200-day moving average is $58.98. The company has a market cap of $30.116 billion and a price-to-earnings ratio of 39.18.
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.
A number of analysts have recently weighed in on DISH shares. Analysts at Zacks reiterated a “neutral” rating on shares of DISH Network Corp in a research note on Thursday, June 26th. 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 analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.25.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
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