An overview of Dish Network Corp’s (DISH) institutional holdings

The price of Dish Network Corp (NASDAQ:DISH) shares last traded on Wall Street fell -37.43% to $3.43.

Based on available information, 16 analysts follow Dish Network Corp (NASDAQ:DISH). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $5.00, we find $8.00. Given the previous closing price of $5.49, this indicates a potential upside of 45.72 percent. DISH stock price is now -38.56% away from the 50-day moving average and -57.04% away from the 200-day moving average. The market capitalization of the company currently stands at $1.83B.

Among analysts, 9 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $10.36 as their price target over the next twelve months.

With the price target enhanced from $5 to $10, Barclays Upgraded its rating from Underweight to Equal Weight for Dish Network Corp (NASDAQ: DISH).

In other news, ORBAN PAUL W, EXECUTIVE VICE PRESIDENT, CFO sold 47 shares of the company’s stock on Aug 11. The stock was sold for $385 at an average price of $8.20. Upon completion of the transaction, the EXECUTIVE VICE PRESIDENT, CFO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 22, EVP, CORPORATE DEVELOPMENT CULLEN THOMAS A sold 25,000 shares of the business’s stock. A total of $159,000 was realized by selling the stock at an average price of $6.36. This leaves the insider owning 226,050 shares of the company worth $0.78 million. Insiders disposed of 690,030 shares of company stock worth roughly $2.37 million over the past 1 year. A total of 53.79% of the company’s stock is owned by insiders.

A candlestick chart of Dish Network Corp (NASDAQ: DISH) showed a price of $4.7000 on Monday morning. During the past 12 months, Dish Network Corp has had a low of $4.65 and a high of $17.49. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 0.54, and a quick ratio of 0.44. The fifty day moving average price for DISH is $5.5906 and a two-hundred day moving average price translates $7.9963 for the stock.

The latest earnings results from Dish Network Corp (NASDAQ: DISH) was released for Jun, 2023. According to the Telecom Services Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.29 by 0.02. This compares to $0.85 EPS in the same period last year. The net profit margin was 7.81% and return on equity was 6.91% for DISH. The company reported revenue of $3.91 billion for the quarter, compared to $4.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.09 percent. For the current quarter, analysts expect DISH to generate $3.72B in revenue.

Dish Network Corp(DISH) Company Profile

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages. The company also provides access to movies and television shows through TV or Internet-connected devices; and and mobile applications on Internet-connected devices to view authorized content, search program listings, and remotely control certain features of their DVRs. In addition, it offers Sling TV services, including Sling domestic, Sling International, Sling Latino, Sling Orange, and Sling Blue services that require an internet connection and are available on streaming-capable devices, such as streaming media devices, TVs, tablets, computers, game consoles, and phones, as well as market SLING TV services to consumers who do not subscribe to traditional satellite and cable pay-TV services. Further, the company provides wireless subscribers consumer plans with no annual service contracts, as well as monthly service plans, including high-speed data and unlimited talk and text. The company offers receiver systems and programming through direct sales channels, as well as independent third parties, such as small retailers, direct marketing groups, local and regional consumer electronics stores, retailers, and telecommunications companies. DISH Network Corporation was founded in 1980 and is headquartered in Englewood, Colorado.

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