EchoStar (NASDAQ:SATS) Trading 3.3% Higher

EchoStar Co. (NASDAQ:SATS - Get Free Report)'s stock price was up 3.3% during trading on Wednesday . The stock traded as high as $14.36 and last traded at $14.34. Approximately 78,218 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 2,446,447 shares. The stock had previously closed at $13.88.

Analysts Set New Price Targets

Several equities analysts have commented on SATS shares. StockNews.com started coverage on shares of EchoStar in a research note on Saturday. They issued a "sell" rating for the company. UBS Group boosted their price target on shares of EchoStar from $11.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. assumed coverage on shares of EchoStar in a research report on Wednesday, January 17th. They issued a "neutral" rating and a $18.00 price target for the company. TD Cowen reduced their price target on shares of EchoStar from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 4th. Finally, Morgan Stanley reduced their target price on shares of EchoStar from $14.25 to $14.00 and set an "equal weight" rating for the company in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EchoStar presently has an average rating of "Hold" and a consensus target price of $23.00.

EchoStar Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.99, a current ratio of 0.61 and a quick ratio of 0.53. The business's 50 day moving average price is $13.58 and its 200-day moving average price is $13.47. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of -2.02 and a beta of 0.69.

EchoStar (NASDAQ:SATS - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $1.19. EchoStar had a negative net margin of 36.33% and a positive return on equity of 5.24%. The business had revenue of $4.16 billion for the quarter. During the same quarter last year, the firm earned $0.59 earnings per share. The company's revenue was up 732.2% compared to the same quarter last year. Equities analysts forecast that EchoStar Co. will post -1.28 EPS for the current fiscal year.

Insider Activity

In other EchoStar news, Director James Defranco purchased 110,000 shares of the stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $13.48 per share, for a total transaction of $1,482,800.00. Following the completion of the transaction, the director now directly owns 306,951 shares of the company's stock, valued at $4,137,699.48. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 55.90% of the company's stock.

Institutional Trading of EchoStar

Several large investors have recently modified their holdings of SATS. OMERS ADMINISTRATION Corp purchased a new position in shares of EchoStar during the third quarter valued at approximately $2,047,000. Versor Investments LP purchased a new position in shares of EchoStar during the third quarter valued at approximately $1,849,000. American Century Companies Inc. lifted its stake in shares of EchoStar by 9.1% during the third quarter. American Century Companies Inc. now owns 474,254 shares of the communications equipment provider's stock valued at $7,944,000 after buying an additional 39,575 shares during the period. New York Life Investment Management LLC lifted its stake in shares of EchoStar by 443.1% during the third quarter. New York Life Investment Management LLC now owns 122,387 shares of the communications equipment provider's stock valued at $2,050,000 after buying an additional 99,854 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of EchoStar by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,465,583 shares of the communications equipment provider's stock valued at $58,049,000 after buying an additional 33,451 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.