Iridium Communications (NASDAQ:IRDM) Trading Down 7.1% – What’s Next?

Posted by George Bondi on Jun 3rd, 2026

Iridium Communications Inc (NASDAQ:IRDM – Get Free Report)’s share price was down 7.1% during mid-day trading on Monday . The company traded as low as $47.89 and last traded at $48.1180. Approximately 1,196,805 shares were traded during trading, a decline of 48% from the average daily volume of 2,320,178 shares. The stock had previously closed at $51.78.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IRDM shares. New Street Research started coverage on shares of Iridium Communications in a research note on Thursday, May 14th. They set a “neutral” rating and a $40.00 target price for the company. Raymond James Financial reissued a “market perform” rating on shares of Iridium Communications in a research note on Friday, April 24th. BWS Financial reissued a “sell” rating and set a $16.00 target price on shares of Iridium Communications in a research note on Monday, April 27th. Weiss Ratings raised shares of Iridium Communications from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 10th. Finally, Barclays upped their price target on shares of Iridium Communications from $25.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Iridium Communications currently has an average rating of “Hold” and a consensus target price of $28.80.

Read Our Latest Stock Report on IRDM

Iridium Communications Trading Up 3.7%

The business’s 50 day moving average price is $38.70 and its two-hundred day moving average price is $26.51. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 50.10, a price-to-earnings-growth ratio of 3.26 and a beta of 0.89. The company has a debt-to-equity ratio of 3.74, a quick ratio of 2.21 and a current ratio of 2.85.

Iridium Communications (NASDAQ:IRDM – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Iridium Communications had a return on equity of 22.76% and a net margin of 12.05%.The company had revenue of $219.06 million during the quarter, compared to analyst estimates of $218.39 million. During the same period in the prior year, the company posted $0.27 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that Iridium Communications Inc will post 1.04 earnings per share for the current fiscal year.

Iridium Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, June 15th. Iridium Communications’s payout ratio is presently 60.61%.

Insider Activity at Iridium Communications

In related news, CAO Timothy Kapalka sold 2,043 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $33.00, for a total value of $67,419.00. Following the sale, the chief accounting officer directly owned 45,721 shares in the company, valued at $1,508,793. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.70% of the stock is owned by insiders.

Institutional Trading of Iridium Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Silver Heights Capital Management Inc raised its holdings in shares of Iridium Communications by 22.7% in the 3rd quarter. Silver Heights Capital Management Inc now owns 5,189,703 shares of the technology company’s stock worth $90,612,000 after purchasing an additional 961,440 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Iridium Communications by 323.8% during the third quarter. Citigroup Inc. now owns 310,797 shares of the technology company’s stock valued at $5,427,000 after acquiring an additional 237,456 shares during the period. Vanguard Group Inc. raised its holdings in shares of Iridium Communications by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 10,157,227 shares of the technology company’s stock valued at $176,533,000 after acquiring an additional 677,258 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Iridium Communications by 86.4% during the third quarter. Penserra Capital Management LLC now owns 776,576 shares of the technology company’s stock valued at $13,558,000 after acquiring an additional 360,015 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Iridium Communications by 8.9% during the third quarter. JPMorgan Chase & Co. now owns 612,610 shares of the technology company’s stock valued at $10,696,000 after acquiring an additional 50,239 shares during the period. 84.36% of the stock is currently owned by institutional investors.

About Iridium Communications

(Get Free Report)

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.