Globalstar (NYSEARCA:GSAT) Stock Price Expected to Rise, B. Riley Analyst Says

Globalstar (NYSEARCA:GSAT) had its price objective hoisted by B. Riley from $4.00 to $60.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 169.54% from the stock’s previous close. B. Riley also issued estimates for Globalstar’s Q4 2025 earnings at ($0.01) EPS, FY2026 earnings at $0.10 EPS and FY2027 earnings at $0.42 EPS.

GSAT has been the subject of several other reports. Craig Hallum upped their price objective on Globalstar from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. StockNews.com raised Globalstar from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Globalstar Price Performance

Shares of Globalstar stock opened at $22.26 on Wednesday. Globalstar has a 1 year low of $15.00 and a 1 year high of $41.10. The stock has a 50-day simple moving average of $5.22. The company has a market capitalization of $42.16 billion, a P/E ratio of -742.00 and a beta of 1.07. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91.

Insider Transactions at Globalstar

In other news, VP Timothy Evan Taylor sold 3,500,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $2.22, for a total transaction of $7,770,000.00. Following the transaction, the vice president now owns 6,383,649 shares in the company, valued at approximately $14,171,700.78. This trade represents a 35.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Monroe III acquired 530,000 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average price of $1.90 per share, for a total transaction of $1,007,000.00. Following the purchase, the director now owns 6,834,090 shares in the company, valued at approximately $12,984,771. This trade represents a 8.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,030,000 shares of company stock worth $5,987,000 and have sold 3,680,851 shares worth $8,136,154. 60.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Globalstar

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors acquired a new stake in shares of Globalstar in the 4th quarter valued at $36,997,000. Wolf Hill Capital Management LP boosted its holdings in shares of Globalstar by 80.0% in the 4th quarter. Wolf Hill Capital Management LP now owns 13,050,023 shares of the company’s stock valued at $27,014,000 after purchasing an additional 5,799,366 shares in the last quarter. Ashford Capital Management Inc. boosted its holdings in shares of Globalstar by 68.9% in the 4th quarter. Ashford Capital Management Inc. now owns 12,369,340 shares of the company’s stock valued at $25,605,000 after purchasing an additional 5,047,600 shares in the last quarter. AGF Management Ltd. acquired a new stake in shares of Globalstar in the 4th quarter valued at $7,873,000. Finally, Greenhouse Funds LLLP boosted its holdings in shares of Globalstar by 14.2% in the 4th quarter. Greenhouse Funds LLLP now owns 26,492,248 shares of the company’s stock valued at $54,839,000 after purchasing an additional 3,300,470 shares in the last quarter. Institutional investors own 18.89% of the company’s stock.

About Globalstar

Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications.