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

Globalstar (NYSEARCA:GSAT) had its target price hoisted by research analysts at 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 indicates a potential upside of 160.76% from the company’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.

A number of other equities research analysts also recently issued reports on the stock. Craig Hallum boosted their target price on shares of Globalstar from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, November 4th. StockNews.com raised shares of Globalstar from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Globalstar Price Performance

GSAT opened at $23.01 on Wednesday. Globalstar has a 12 month low of $15.00 and a 12 month high of $41.10. The company has a 50-day simple moving average of $4.81. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91. The stock has a market cap of $43.59 billion, a PE ratio of -767.00 and a beta of 1.07.

Insider Transactions at Globalstar

In other news, VP Timothy Evan Taylor sold 3,500,000 shares of Globalstar stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $2.22, for a total transaction of $7,770,000.00. Following the sale, the vice president now owns 6,383,649 shares in the company, valued at $14,171,700.78. This trade represents a 35.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William A. Hasler sold 90,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1.93, for a total transaction of $173,700.00. Following the transaction, the director now directly owns 848,668 shares in the company, valued at approximately $1,637,929.24. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 3,030,000 shares of company stock worth $5,987,000 and sold 3,680,851 shares worth $8,136,154. Company insiders own 60.76% of the company’s stock.

Hedge Funds Weigh In On Globalstar

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