Global Eagle Entertainment Inc (NASDAQ:ENT) insider Jeffrey A. Leddy purchased 400,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $0.54 per share, with a total value 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 $674,613.36. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
ENT stock opened at $0.68 on Friday. Global Eagle Entertainment Inc has a one year low of $0.42 and a one year high of $3.16. The firm has a market capitalization of $60.49 million, a PE ratio of -0.26 and a beta of 1.32.
Global Eagle Entertainment (NASDAQ:ENT) last released its earnings results on Tuesday, May 14th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The firm had revenue of $166.62 million for the quarter, compared to analysts’ expectations of $156.24 million. As a group, research analysts expect that Global Eagle Entertainment Inc will post -1.5 EPS for the current fiscal year.
ENT has been the subject of a number of recent analyst reports. William Blair lowered shares of Global Eagle Entertainment from a “market perform” rating to an “underperform” rating and set a $1.16 price target for the company. in a research report on Tuesday, March 19th. Zacks Investment Research upgraded shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, Northland Securities set a $5.00 price target on shares of Global Eagle Entertainment and gave the stock a “buy” rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.89.
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Global Eagle Entertainment Company Profile
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.
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