Globalstar (NYSEARCA:GSAT) Given New $60.00 Price Target at B. Riley

Globalstar (NYSEARCA:GSAT) had its price target boosted by B. Riley from $4.00 to $60.00 in a research report released on Wednesday,Benzinga reports. B. Riley currently has a buy rating on the stock. 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 equities research analysts have also recently issued reports on the company. StockNews.com raised Globalstar from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Craig Hallum boosted their price objective on Globalstar from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Globalstar Trading Up 3.2 %

GSAT stock opened at $23.01 on Wednesday. The company has a market cap of $43.59 billion, a PE ratio of -767.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99. 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.

Insider Activity at Globalstar

In other Globalstar news, CEO Paul E. Jacobs sold 14,539 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $2.19, for a total value of $31,840.41. Following the completion of the sale, the chief executive officer now owns 84,815 shares of the company’s stock, valued at approximately $185,744.85. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William A. Hasler sold 90,000 shares of the firm’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 completion of the transaction, the director now directly owns 848,668 shares of the company’s stock, valued at approximately $1,637,929.24. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,030,000 shares of company stock valued at $5,987,000 and have sold 3,680,851 shares valued at $8,136,154. 60.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Globalstar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC purchased a new stake in shares of Globalstar during the fourth quarter worth about $25,000. CWA Asset Management Group LLC purchased a new position in Globalstar during the 3rd quarter valued at about $27,000. IRON Financial LLC purchased a new stake in shares of Globalstar during the fourth quarter worth $29,000. Mariner LLC raised its holdings in Globalstar by 30.9% in the fourth quarter. Mariner LLC now owns 14,007 shares of the company’s stock valued at $29,000 after acquiring an additional 3,307 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in Globalstar in the fourth quarter valued at $35,000. 18.89% of the stock is owned by institutional investors and hedge funds.

Globalstar Company Profile

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.