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Iridium Communications
IRDM

$25.07
0.2%
 

About: Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world. The Company operates in one business segment, providing global satellite communications services and products.

Employees: 760

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 5 analysts
0
News positive %
of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

377% more call options, than puts

Call options by funds: $35.5M | Put options by funds: $7.45M

37% more repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 102

0% less ownership

Funds ownership: 83.24% [Q4 2023] → 83.24% (-0%) [Q1 2024]

5% less funds holding

Funds holding: 339 [Q4 2023] → 321 (-18) [Q1 2024]

29% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 62

33% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 2 (-1) [Q1 2024]

37% less capital invested

Capital invested by funds: $4.24B [Q4 2023] → $2.67B (-$1.57B) [Q1 2024]

Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$30
20%
upside
Avg. target
$39
55%
upside
High target
$48
91%
upside

5 analyst ratings

positive
60%
neutral
40%
negative
0%
Barclays
Mathieu Robilliard
76%upside
$44
Overweight
Maintained
26 Apr 2024
BWS Financial
Hamed Khorsand
20%upside
$30
Neutral
Maintained
22 Apr 2024
Barclays
Mathieu Robilliard
68%upside
$42
Overweight
Maintained
23 Feb 2024
BWS Financial
Hamed Khorsand
20%upside
$30
Hold
Downgraded
16 Feb 2024
Raymond James
Ric Prentiss
91%upside
$48
Strong Buy
Maintained
16 Feb 2024

Financial journalist opinion

Based on 4 articles about IRDM published over the past 30 days