Global Eagle Entertainment Inc (NASDAQ:ENT) Insider Buys $216,000.00 in Stock
Global Eagle Entertainment Inc (NASDAQ:ENT) insider Jeffrey A. Leddy bought 400,000 shares of Global Eagle Entertainment stock in a transaction dated Friday, June 7th. The shares were bought at an average cost of $0.54 per share, for a total transaction of $216,000.00. Following the completion of the transaction, the insider now owns 1,249,284 shares of the company’s stock, valued at approximately $674,613.36. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
NASDAQ ENT opened at $0.65 on Thursday. Global Eagle Entertainment Inc has a 12-month low of $0.42 and a 12-month high of $3.16. The firm has a market capitalization of $51.76 million, a price-to-earnings ratio of -0.25 and a beta of 1.32.
Global Eagle Entertainment (NASDAQ:ENT) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.01). The business had revenue of $166.62 million for the quarter, compared to analyst estimates of $156.24 million. As a group, sell-side analysts anticipate that Global Eagle Entertainment Inc will post -1.5 EPS for the current fiscal year.
A number of brokerages have recently commented on ENT. Zacks Investment Research raised shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Northland Securities set a $5.00 price objective on shares of Global Eagle Entertainment and gave the company a “buy” rating in a report on Tuesday, March 26th. Finally, William Blair lowered shares of Global Eagle Entertainment from a “market perform” rating to an “underperform” rating and set a $1.16 price objective on the stock. in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Global Eagle Entertainment currently has an average rating of “Hold” and an average target price of $3.05.
WARNING: This story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2019/06/13/global-eagle-entertainment-inc-nasdaqent-insider-buys-216000-00-in-stock.html.
About Global Eagle Entertainment
Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.
Featured Article: How Do Mutual Funds Work?
Receive News & Ratings for Global Eagle Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Eagle Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.