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

Globalstar (NYSEARCA:GSAT) had its price objective increased by research analysts at B. Riley from $4.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 160.76% from the stock’s current price. 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.

Several other research firms have also recently issued reports on GSAT. Craig Hallum boosted their target price 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 report on Monday, November 11th.

Globalstar Price Performance

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

Insiders Place Their Bets

In other news, Director James Monroe III purchased 530,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $1.90 per share, with a total value of $1,007,000.00. Following the purchase, the director now directly owns 6,834,090 shares of the company’s stock, valued at $12,984,771. This represents a 8.41 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Paul E. Jacobs sold 14,539 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $2.19, for a total transaction of $31,840.41. Following the completion of the sale, the chief executive officer now directly owns 84,815 shares in the company, valued at approximately $185,744.85. The trade was a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 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 currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PFG Investments LLC acquired a new position in Globalstar in the 4th quarter valued at about $25,000. IRON Financial LLC purchased a new stake in shares of Globalstar during the fourth quarter worth about $29,000. Mariner LLC grew its holdings in shares of Globalstar by 30.9% during the fourth quarter. Mariner LLC now owns 14,007 shares of the company’s stock worth $29,000 after buying an additional 3,307 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Globalstar in the fourth quarter valued at approximately $35,000. Finally, Vontobel Holding Ltd. purchased a new position in shares of Globalstar during the fourth quarter valued at approximately $41,000. 18.89% of the stock is currently owned by institutional investors and hedge funds.

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.