EchoStar Corporation (NASDAQ:SATS - Get Free Report) shares traded up 9.4% during trading on Friday . The company traded as high as $129.71 and last traded at $131.3530. 3,341,007 shares were traded during trading, a decline of 48% from the average session volume of 6,446,218 shares. The stock had previously closed at $120.09.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SATS. Zacks Research downgraded EchoStar from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. Citigroup upped their price objective on EchoStar from $111.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, February 3rd. TD Cowen restated a "buy" rating on shares of EchoStar in a research report on Wednesday, January 7th. Weiss Ratings restated a "sell (d-)" rating on shares of EchoStar in a research report on Wednesday, January 21st. Finally, Williams Trading set a $158.00 price objective on EchoStar in a research report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $134.17.
Check Out Our Latest Analysis on EchoStar
EchoStar Price Performance
The company has a 50-day moving average of $113.68 and a two-hundred day moving average of $98.09. The stock has a market capitalization of $37.51 billion, a PE ratio of -2.58 and a beta of 1.00. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.42 and a quick ratio of 0.38.
Insider Activity
In related news, COO John Swieringa sold 50,088 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $113.58, for a total transaction of $5,688,995.04. Following the transaction, the chief operating officer directly owned 253,535 shares in the company, valued at approximately $28,796,505.30. This represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hamid Akhavan sold 71,005 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $107.52, for a total value of $7,634,457.60. Following the transaction, the chief executive officer owned 823,293 shares in the company, valued at $88,520,463.36. This trade represents a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 55.90% of the company's stock.
Hedge Funds Weigh In On EchoStar
A number of large investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in shares of EchoStar by 301.9% in the fourth quarter. Hsbc Holdings PLC now owns 79,182 shares of the communications equipment provider's stock valued at $8,654,000 after buying an additional 59,482 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in EchoStar by 247.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,552 shares of the communications equipment provider's stock worth $1,364,000 after buying an additional 8,941 shares during the last quarter. Spear Advisors LLC acquired a new position in EchoStar during the 4th quarter valued at approximately $6,272,000. World Investment Advisors acquired a new position in EchoStar during the 4th quarter valued at approximately $378,000. Finally, Sentinel Dome Partners LLC acquired a new position in EchoStar during the 4th quarter valued at approximately $5,218,000. 33.62% of the stock is currently owned by hedge funds and other institutional investors.
EchoStar Company Profile
(
Get Free Report)
EchoStar Corporation NASDAQ: SATS is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.
In the Broadband segment, EchoStar's Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider EchoStar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EchoStar wasn't on the list.
While EchoStar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Spring 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
