Iridium Communications (NASDAQ:IRDM) Rating Increased to Outperform at William Blair

Iridium Communications (NASDAQ:IRDM - Get Free Report) was upgraded by William Blair from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. William Blair also issued estimates for Iridium Communications' Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $1.01 EPS and FY2026 earnings at $1.11 EPS.

Several other research firms have also issued reports on IRDM. Cantor Fitzgerald assumed coverage on shares of Iridium Communications in a report on Friday, January 24th. They set an "overweight" rating and a $40.00 target price for the company. StockNews.com upgraded Iridium Communications from a "hold" rating to a "buy" rating in a research note on Sunday, April 6th. Finally, Barclays cut their target price on Iridium Communications from $45.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $34.33.

Iridium Communications Stock Up 0.5 %

Shares of NASDAQ:IRDM traded up $0.12 during trading on Tuesday, hitting $23.16. The stock had a trading volume of 1,433,137 shares, compared to its average volume of 1,132,472. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 3.05. Iridium Communications has a 12 month low of $19.91 and a 12 month high of $35.85. The company has a market capitalization of $2.52 billion, a PE ratio of 24.38, a PEG ratio of 1.28 and a beta of 0.66. The firm's fifty day moving average is $27.20 and its 200 day moving average is $28.67.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $214.88 million during the quarter, compared to analyst estimates of $211.78 million. Iridium Communications had a return on equity of 15.66% and a net margin of 13.58%. During the same quarter last year, the firm posted $0.17 earnings per share. Analysts anticipate that Iridium Communications will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Iridium Communications

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Iridium Communications by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 631,852 shares of the technology company's stock valued at $18,336,000 after acquiring an additional 10,195 shares during the period. Nordea Investment Management AB raised its position in shares of Iridium Communications by 30.2% during the 4th quarter. Nordea Investment Management AB now owns 248,602 shares of the technology company's stock valued at $7,264,000 after purchasing an additional 57,690 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Iridium Communications by 369.5% in the fourth quarter. Teacher Retirement System of Texas now owns 69,562 shares of the technology company's stock valued at $2,019,000 after acquiring an additional 54,747 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Iridium Communications by 376.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,858 shares of the technology company's stock worth $141,000 after purchasing an additional 3,838 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Iridium Communications during the fourth quarter worth $17,613,000. Institutional investors own 84.36% of the company's stock.

Iridium Communications Company Profile

Iridium Communications Inc provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services.