Wall Street Zen Downgrades Globalstar (NASDAQ:GSAT) to Sell

Posted by James Quigley on Jun 17th, 2025

Globalstar (NASDAQ:GSAT – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Globalstar Stock Performance

Shares of Globalstar stock opened at $23.38 on Friday. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of -32.03 and a beta of 0.86. Globalstar has a 52 week low of $15.00 and a 52 week high of $41.10.

Insider Buying and Selling at Globalstar

In other news, Director James Monroe III acquired 50,000 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was acquired at an average cost of $18.68 per share, with a total value of $934,000.00. Following the completion of the acquisition, the director now owns 58,833,076 shares of the company’s stock, valued at $1,099,001,859.68. The trade was a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 61.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Globalstar

An institutional investor recently bought a new position in Globalstar stock. Acadian Asset Management LLC acquired a new stake in Globalstar, Inc. (NASDAQ:GSAT – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,777 shares of the company’s stock, valued at approximately $99,000. Institutional investors and hedge funds own 18.89% of the company’s stock.

Globalstar Company Profile

(Get Free Report)

Globalstar, Inc provides mobile satellite services worldwide. 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; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.