What is B. Riley’s Forecast for Globalstar FY2026 Earnings?

Globalstar, Inc. (NYSEARCA:GSAT) – Investment analysts at B. Riley dropped their FY2026 EPS estimates for shares of Globalstar in a research note issued to investors on Friday, February 28th. B. Riley analyst M. Crawford now expects that the company will earn $0.09 per share for the year, down from their previous estimate of $0.10. B. Riley has a “Buy” rating and a $60.00 price target on the stock. The consensus estimate for Globalstar’s current full-year earnings is ($0.01) per share.

GSAT has been the subject of several other reports. Morgan Stanley upped their price target on Globalstar from $14.85 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. StockNews.com upgraded Globalstar from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Craig Hallum lowered their price target on Globalstar from $75.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, February 28th.

Globalstar Trading Up 3.1 %

Globalstar stock opened at $21.58 on Monday. The business has a 50 day moving average price of $8.25. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of -719.33 and a beta of 1.07. Globalstar has a 12-month low of $15.00 and a 12-month high of $41.10. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91.

Institutional Trading of Globalstar

Hedge funds and other institutional investors have recently bought and sold shares of the business. PFG Investments LLC bought a new stake in Globalstar during the fourth quarter valued at about $25,000. IRON Financial LLC purchased a new stake in shares of Globalstar during the fourth quarter worth approximately $29,000. Mariner LLC boosted its stake in 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 during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Globalstar during the fourth quarter worth $33,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Globalstar in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.

Insider Buying and Selling

In other Globalstar news, CEO Paul E. Jacobs sold 14,539 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $2.19, for a total value of $31,840.41. Following the sale, the chief executive officer now owns 84,815 shares in the company, valued at $185,744.85. This trade represents a 14.63 % 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 James Monroe III bought 530,000 shares of Globalstar stock in a transaction on Friday, December 13th. The stock was acquired 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 of the company’s stock, 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 three months, insiders purchased 3,030,000 shares of company stock worth $5,987,000 and sold 3,590,851 shares worth $7,962,454. 60.76% of the stock is owned by corporate insiders.

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.