Somewhat Positive News Coverage Somewhat Unlikely to Affect Global Eagle Entertainment (ENT) Stock Price

News stories about Global Eagle Entertainment (NASDAQ:ENT) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Global Eagle Entertainment earned a coverage optimism score of 0.00 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.9647125007647 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Global Eagle Entertainment traded up $0.02, reaching $1.99, during mid-day trading on Friday, according to MarketBeat Ratings. 677,546 shares of the stock were exchanged, compared to its average volume of 972,561. Global Eagle Entertainment has a 1-year low of $0.87 and a 1-year high of $3.84. The firm has a market cap of $179.38 million, a P/E ratio of -1.01 and a beta of 1.72. The company has a debt-to-equity ratio of -20.53, a quick ratio of 1.32 and a current ratio of 1.46.

Global Eagle Entertainment (NASDAQ:ENT) last announced its earnings results on Tuesday, May 15th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.02). Global Eagle Entertainment had a negative return on equity of 370.92% and a negative net margin of 43.28%. The firm had revenue of $156.50 million for the quarter, compared to analyst estimates of $158.10 million. equities analysts predict that Global Eagle Entertainment will post -1.25 EPS for the current year.

ENT has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Global Eagle Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, April 6th. William Blair restated a “market perform” rating on shares of Global Eagle Entertainment in a research report on Monday, April 9th. Finally, ValuEngine upgraded shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Global Eagle Entertainment presently has an average rating of “Hold” and a consensus target price of $2.00.

In other Global Eagle Entertainment news, major shareholder Abry Partners Vii Co-Investmen sold 25,046 shares of Global Eagle Entertainment stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $1.60, for a total value of $40,073.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tbo-W L.P. Searchlight II purchased 120,672 shares of the firm’s stock in a transaction on Thursday, May 24th. The stock was bought at an average price of $1.93 per share, for a total transaction of $232,896.96. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,288,279 shares of company stock worth $3,601,595. 3.70% of the stock is owned by company insiders.

About Global Eagle Entertainment

Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry 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.

Insider Buying and Selling by Quarter for Global Eagle Entertainment (NASDAQ:ENT)

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