Iridium Communications (NASDAQ:IRDM) Stock Rating Upgraded by William Blair

Iridium Communications (NASDAQ:IRDM - Get Free Report) was upgraded by research analysts at William Blair from a "market perform" rating to an "outperform" rating in a note issued to 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.

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

Iridium Communications Price Performance

NASDAQ IRDM traded down $0.37 during trading hours on Tuesday, reaching $22.68. The company's stock had a trading volume of 171,667 shares, compared to its average volume of 1,135,058. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 1.28 and a beta of 0.66. Iridium Communications has a 1-year low of $19.91 and a 1-year high of $35.85. The company's 50-day moving average is $27.38 and its two-hundred day moving average is $28.72. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.73 and a quick ratio of 1.25.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $214.88 million during the quarter, compared to the consensus estimate of $211.78 million. Iridium Communications had a net margin of 13.58% and a return on equity of 15.66%. During the same quarter in the prior year, the firm earned $0.17 EPS. On average, equities analysts predict that Iridium Communications will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Iridium Communications

A number of hedge funds have recently modified their holdings of IRDM. Plato Investment Management Ltd acquired a new position in Iridium Communications in the 4th quarter valued at about $32,000. SBI Securities Co. Ltd. purchased a new stake in shares of Iridium Communications during the 4th quarter valued at approximately $37,000. UMB Bank n.a. lifted its holdings in Iridium Communications by 129.8% in the first quarter. UMB Bank n.a. now owns 1,379 shares of the technology company's stock valued at $38,000 after acquiring an additional 779 shares during the last quarter. Pinnacle Holdings LLC grew its position in Iridium Communications by 45.4% in the fourth quarter. Pinnacle Holdings LLC now owns 1,528 shares of the technology company's stock worth $44,000 after acquiring an additional 477 shares during the period. Finally, Fifth Third Bancorp raised its position in Iridium Communications by 19.8% in the fourth quarter. Fifth Third Bancorp now owns 2,162 shares of the technology company's stock valued at $63,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 84.36% of the company's stock.

About Iridium Communications

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.