Leap Wireless International (NASDAQ:LEAP) CEO Stewart Hutcheson sold 19,150 shares of Leap Wireless International stock in a transaction that occured on Tuesday, August 13th. The stock was sold at an average price of $16.00, for a total value of $306,400.00. Following the transaction, the chief executive officer now directly owns 128,006 shares in the company. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of Leap Wireless International from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, August 9th. Separately, analysts at FBR Capital Markets raised their price target on shares of Leap Wireless International to $16.00 in a research note to investors on Tuesday, July 16th. Finally, analysts at Wells Fargo & Co. downgraded shares of Leap Wireless International from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 15th. They noted that the move was a valuation call.
Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.58.
Leap Wireless International (NASDAQ:LEAP) traded down 0.50% on Thursday, hitting $15.84. Leap Wireless International has a 1-year low of $4.75 and a 1-year high of $17.51. The stock’s 50-day moving average is currently $13.51. The company’s market cap is $1.254 billion.
Leap Wireless International (NASDAQ:LEAP) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($2.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.12) by $0.97. The company had revenue of $731.50 million for the quarter, compared to the consensus estimate of $735.07 million. During the same quarter in the prior year, the company posted ($0.54) earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. Analysts expect that Leap Wireless International will post $-6.21 EPS for the current fiscal year.
Leap Wireless International, Inc (NASDAQ:LEAP) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand.
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