Echostar (NASDAQ:ECHO) Stock Price Expected to Rise, UBS Group Analyst Says

Echostar (NASDAQ:ECHO) had its price objective upped by investment analysts at UBS Group from $150.00 to $160.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group‘s price target suggests a potential upside of 62.24% from the company’s current price.

A number of other research firms also recently issued reports on ECHO. Zacks Research upgraded Echostar from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Echostar in a research note on Friday, October 2nd. Morgan Stanley reduced their price objective on Echostar from $134.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday. Raymond James Financial raised Echostar from a “market perform” rating to a “strong-buy” rating and set a $115.00 price objective for the company in a report on Friday, July 17th. Finally, TD Cowen lowered their target price on shares of Echostar from $155.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $139.44.

Echostar Stock Performance

Shares of ECHO stock traded down $3.32 during mid-day trading on Wednesday, hitting $98.62. 7,372,652 shares of the stock were exchanged, compared to its average volume of 6,127,450. The firm’s fifty day moving average price is $91.51. The company has a quick ratio of 5.12, a current ratio of 5.20 and a debt-to-equity ratio of 1.13. Echostar has a 12-month low of $65.76 and a 12-month high of $147.25. The company has a market capitalization of $28.65 billion, a PE ratio of -3.96 and a beta of 1.06.

Echostar (NASDAQ:ECHO) last posted its earnings results on Tuesday, November 3rd. The company reported $7.97 earnings per share for the quarter, beating the consensus estimate of $3.07 by $4.90. Echostar had a negative return on equity of 1.28% and a negative net margin of 38.71%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $3.00 million. On average, research analysts expect that Echostar will post -0.27 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Stephen J. Bye sold 8,508 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $89.83, for a total value of $764,273.64. Following the transaction, the director owned 653 shares in the company, valued at $58,658.99. The trade was a 92.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William Wade sold 2,425 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $91.48, for a total value of $221,839.00. Following the completion of the transaction, the director owned 324 shares in the company, valued at $29,639.52. This trade represents a 88.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,508 shares of company stock valued at $1,224,686 in the last quarter. Insiders own 54.60% of the company’s stock.

Institutional Trading of Echostar

A number of hedge funds have recently added to or reduced their stakes in ECHO. Retirement Systems of Alabama increased its holdings in shares of Echostar by 1.4% in the third quarter. Retirement Systems of Alabama now owns 29,034 shares of the company’s stock valued at $2,596,000 after purchasing an additional 405 shares during the period. Fulcrum Asset Management LLP raised its stake in shares of Echostar by 217.4% during the third quarter. Fulcrum Asset Management LLP now owns 2,444 shares of the company’s stock worth $220,000 after purchasing an additional 1,674 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Echostar by 19.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,845 shares of the company’s stock worth $692,000 after purchasing an additional 1,293 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Echostar by 36.7% during the third quarter. Parallel Advisors LLC now owns 3,062 shares of the company’s stock worth $274,000 after purchasing an additional 822 shares during the period. Finally, ACR Alpine Capital Research LLC grew its position in Echostar by 21.2% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 80,058 shares of the company’s stock valued at $7,158,000 after buying an additional 14,008 shares during the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

More Echostar News

Here are the key news stories impacting Echostar this week:

• Positive Sentiment: SpaceX is reportedly exploring a deal to acquire Boost Mobile or use EchoStar’s network. A partnership could give Boost access to SpaceX’s satellite capabilities and strengthen EchoStar’s strategic value, though no agreement has been announced. SpaceX Explores Boost Mobile Acquisition for US Wireless Push
• Positive Sentiment: Morgan Stanley kept an “overweight” rating, indicating a favorable view, while trimming its price target slightly from $134 to $132. Morgan Stanley recommendations
• Negative Sentiment: The potential SpaceX deal remains speculative, and reports cite risks including litigation and reliance on rival carriers’ network leases. That uncertainty could limit enthusiasm until deal terms or a firm agreement emerge. SpaceX Starlink’s Telecom Ground Game Takes Shape
• Negative Sentiment: Despite reporting quarterly EPS of $7.97 versus a $3.07 consensus estimate, EchoStar recorded a negative net margin of 38.71%. A separate report frames the company’s financial picture as less compelling than the SpaceX-related excitement, potentially contributing to the shares’ pullback. EchoStar reports third-quarter results Financials paint a bleaker picture

Echostar Company Profile

EchoStar Corporation is a global provider of satellite communications, broadband connectivity and wireless services. The company operates through businesses that serve consumers, enterprises, governments and other organizations with connectivity solutions delivered through satellite, wireless and terrestrial networks.

EchoStar’s portfolio includes Hughes, which provides satellite and managed broadband services, as well as satellite television and wireless communications businesses associated with the DISH Network combination completed in 2024.