The stock was purchased at an average price of $5.68 per share, with a total value of $18,352,744.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Following the transaction, the insider now owns 1,516,241 shares of the company's stock, valued at $11,417,294.73.
On Tuesday, January 9th, Group Corp Softbank acquired 5,348,176 shares of Sprint stock. The shares were purchased at an average cost of $5.70 per share, for a total transaction of $35,565,366.60. Obviously, the purchase created excitement, as Softbank Group Corp now possess -2,147,483,648 shares, accounting for 10%+ of Sprint Corp's stock market capitalization. The stock was bought at an average price of $5.68 per share, for a total transaction of $29,316,854.24.
On Friday, January 5th, Group Corp Softbank acquired 5,161,418 shares of Sprint stock. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.61.
On Friday, December 29th, Group Corp Softbank acquired 4,243,452 shares of Sprint stock. The shares were purchased at an average cost of $5.96 per share, for a total transaction of $25,635,044.72. $6.03's average target is 5.98% above currents $5.69 stock price. The shares were purchased at an average cost of $5.82 per share, for a total transaction of $31,126,384.32. KeyCorp lowered Sprint from a "sector weight" rating to an "underweight" rating and set a $5.50 price target on the stock.in a report on Monday, November 6th.
On Monday, December 18th, Group Corp Softbank bought 5,039,477 shares of Sprint stock.
On Thursday, December 14th, Group Corp Softbank bought 3,231,117 shares of Sprint stock. Over the last 90 days, insiders bought 60,020,155 shares of company stock worth $351,291,248 and sold 913,236 shares worth $5,377,413. The shares were purchased at an average cost of $5.60 per share, for a total transaction of $28,221,071.20.
Sprint Corp (S) opened at $5.69 on Friday. Trading volume for Sprint Corporation was 17.63 Million in its previous trading session. Sprint Corporation has a 12-month low of $2.45 and a 12-month high of $9.65. The stock has a market cap of $22,760.00, a PE ratio of -37.93 and a beta of 0.79. For the current year the company's revenue estimates are $35.03 Billion compared to low analyst estimates of $33.9 Billion and high estimates of $35.61 Billion according to the prediction of 24 analysts. The stock of Sprint Corporation (NYSE:S) earned "Underweight" rating by Pacifc Crest on Wednesday, April 13. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.02) by $0.01. The company had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $8.05 billion. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. After $0.27 actual EPS reported by First Foundation Inc. for the previous quarter, Wall Street now forecasts -3.70% negative EPS growth. They expect $-0.04 earnings per share, up 66.67% or $0.08 from last year's $-0.12 per share. 0 analysts gave its stock an Outperform rating.
In an analyst report issued to clients and investors this morning, Jefferies reconfirmed their "Sell" rating on Sprint Corp (NYSE:S) shares. Oppenheimer reiterated a "hold" rating on shares of Sprint in a report on Wednesday, September 20th.
Sprint Corp (NYSE:S) has been given an average rating of "Hold" by the twenty-three ratings firms that are now covering the company, Marketbeat reports. The rating was maintained by Cowen & Co with "Hold" on Monday, November 6. It turned negative, as 42 investors sold Sprint Corporation shares while 95 reduced holdings. Sumitomo Mitsui Trust Holdings Inc. now owns 2,146,632 shares of the cell phone carrier's stock valued at $9,724,000 after buying an additional 39,804 shares during the last quarter. Capital Bank & Trust Co lifted its holdings in shares of Sprint by 10,821.7% in the 3rd quarter. Boston Private Wealth LLC now owns 269,000 shares of the cell phone carrier's stock valued at $1,219,000 after buying an additional 16,000 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Sprint by 1.5% during the third quarter. Advisors Asset Management Inc. boosted its position in Sprint by 2.2% during the second quarter. Finally, FMR LLC increased its position in Sprint by 3.1% during the second quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier's stock valued at $31,492,000 after buying an additional 115,192 shares in the last quarter.
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Analysts await Sprint Corporation (NYSE:S) to report earnings on January, 30. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are created to meet the needs of consumers, businesses, government subscribers and resellers. It operates in three divisions: Applications and Infrastructure, Professional Services, and Managed Services.