Iridium Communications Inc (NASDAQ:IRDM) Stock Has Consensus Target Price of $41.20 According to Brokerages

Iridium Communications Inc (NASDAQ:IRDM) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $41.20.

IRDM has been the subject of several recent research reports. New Street Research raised Iridium Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Iridium Communications from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, October 21st.

Trending Headlines about Iridium Communications

Investors following IRDM have been watching these headlines:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $0.99 from $0.92, slightly above the cited $0.98 consensus estimate.
• Negative Sentiment: Zacks cut its FY2027 EPS forecast to $0.95 from $1.13 and FY2028 to $1.01 from $1.32. It also reduced estimates for multiple quarters spanning late 2026 through 2028, including Q4 2026 to $0.22 from $0.26 and Q4 2027 to $0.23 from $0.31. The breadth and size of the forward revisions could pressure investor expectations for IRDM.

Iridium Communications Price Performance

NASDAQ:IRDM opened at $46.12 on Friday. Iridium Communications has a 12 month low of $15.65 and a 12 month high of $57.18. The stock has a 50 day moving average of $46.42 and a two-hundred day moving average of $40.69. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 3.34. The firm has a market cap of $4.90 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 3.64 and a beta of 0.87.

Iridium Communications (NASDAQ:IRDM) last released its earnings results on Tuesday, October 20th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.64. The business had revenue of $245.73 million for the quarter, compared to the consensus estimate of $236.30 million. Iridium Communications had a return on equity of 22.04% and a net margin of 18.06%. During the same quarter last year, the business posted $0.35 earnings per share. On average, analysts expect that Iridium Communications will post 1.00 earnings per share for the current fiscal year.

Insider Buying and Selling at Iridium Communications

In related news, EVP Timothy Last sold 5,769 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $46.35, for a total transaction of $267,393.15. Following the transaction, the executive vice president directly owned 84,130 shares in the company, valued at approximately $3,899,425.50. The trade was a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Suzanne Mcbride sold 85,454 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $50.28, for a total transaction of $4,296,627.12. Following the transaction, the insider owned 282,017 shares in the company, valued at $14,179,814.76. The trade was a 23.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 381,688 shares of company stock valued at $19,146,390. 2.70% of the stock is owned by company insiders.

Institutional Trading of Iridium Communications

A number of hedge funds have recently bought and sold shares of IRDM. Gabelli Funds LLC increased its stake in Iridium Communications by 984.8% during the third quarter. Gabelli Funds LLC now owns 111,739 shares of the technology company’s stock worth $5,352,000 after acquiring an additional 101,439 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Iridium Communications by 1,034.8% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 117,451 shares of the technology company’s stock valued at $5,626,000 after purchasing an additional 107,101 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Iridium Communications in the 3rd quarter valued at $2,023,000. Private Advisor Group LLC acquired a new position in shares of Iridium Communications in the 3rd quarter valued at $356,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of Iridium Communications by 18.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 480,834 shares of the technology company’s stock worth $22,426,000 after purchasing an additional 73,494 shares during the period. Institutional investors and hedge funds own 84.36% of the company’s stock.

About Iridium Communications

Iridium Communications provides satellite voice and data services through a low Earth orbit constellation designed to deliver coverage across the globe, including polar regions and remote areas beyond the reach of many terrestrial networks. Its customers include businesses, government agencies, and individuals working on land, at sea, and in the air. The company offers satellite phones, voice and broadband connectivity, push-to-talk communications, and Internet of Things services. Its Iridium Certus platform supports voice and data applications, while its network also carries safety and operational communications for sectors such as maritime, aviation, and government.