EchoStar (NASDAQ:SATS) Stock Price Down 9.4% – What’s Next?

Posted by George Bondi on May 21st, 2026

EchoStar Corporation (NASDAQ:SATS – Get Free Report)’s share price traded down 9.4% on Thursday . The stock traded as low as $128.10 and last traded at $128.44. 8,919,337 shares were traded during mid-day trading, an increase of 46% from the average session volume of 6,127,863 shares. The stock had previously closed at $141.80.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SATS. TD Cowen boosted their price target on shares of EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a report on Monday. Citigroup lifted their price target on EchoStar from $111.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. New Street Research initiated coverage on EchoStar in a research note on Wednesday, May 13th. They issued a “buy” rating and a $161.00 price target for the company. Wall Street Zen raised shares of EchoStar from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of EchoStar in a research report on Monday, April 20th. Four equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $137.14.

Read Our Latest Analysis on SATS

EchoStar Trading Down 9.4%

The firm has a market capitalization of $37.10 billion, a P/E ratio of -2.56 and a beta of 0.95. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 3.17. The company’s fifty day moving average is $122.40 and its 200-day moving average is $108.61.

EchoStar (NASDAQ:SATS – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.03). The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. During the same quarter last year, the company earned ($0.71) earnings per share. As a group, sell-side analysts anticipate that EchoStar Corporation will post -2.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Hamid Akhavan sold 71,005 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $107.52, for a total transaction of $7,634,457.60. Following the completion of the transaction, the chief executive officer directly owned 823,293 shares in the company, valued at $88,520,463.36. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Swieringa sold 50,088 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $113.58, for a total value of $5,688,995.04. Following the completion of the sale, the chief operating officer directly owned 253,535 shares of the company’s stock, valued at $28,796,505.30. This represents a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 55.90% of the company’s stock.

Hedge Funds Weigh In On EchoStar

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in EchoStar by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 2,089 shares of the communications equipment provider’s stock valued at $245,000 after purchasing an additional 83 shares during the period. Diversified Trust Co increased its holdings in shares of EchoStar by 0.4% during the 1st quarter. Diversified Trust Co now owns 22,845 shares of the communications equipment provider’s stock worth $2,674,000 after purchasing an additional 84 shares during the period. HB Wealth Management LLC raised its position in shares of EchoStar by 2.0% during the fourth quarter. HB Wealth Management LLC now owns 4,933 shares of the communications equipment provider’s stock valued at $536,000 after buying an additional 98 shares during the last quarter. Strs Ohio raised its position in shares of EchoStar by 0.5% during the first quarter. Strs Ohio now owns 19,100 shares of the communications equipment provider’s stock valued at $2,236,000 after buying an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of EchoStar by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,618 shares of the communications equipment provider’s stock valued at $611,000 after buying an additional 114 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.

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.