Globalstar (NASDAQ:GSAT) Downgraded to “Strong Sell” Rating by Zacks Research

Posted by Stanley Muller on May 14th, 2026

Zacks Research downgraded shares of Globalstar (NASDAQ:GSAT – Free Report) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

A number of other analysts have also recently issued reports on GSAT. Craig Hallum reiterated a “buy” rating and set a $70.00 target price on shares of Globalstar in a report on Monday, March 2nd. Weiss Ratings upgraded Globalstar from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Globalstar has a consensus rating of “Hold” and a consensus target price of $69.00.

Check Out Our Latest Analysis on Globalstar

Globalstar Price Performance

Shares of NASDAQ GSAT opened at $82.33 on Tuesday. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of -548.87, a PEG ratio of 134.97 and a beta of 1.56. Globalstar has a 52 week low of $17.76 and a 52 week high of $83.00. The company’s 50-day moving average price is $71.18 and its 200 day moving average price is $64.16. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 1.26.

Globalstar (NASDAQ:GSAT – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.14). The business had revenue of $70.06 million during the quarter. Globalstar had a negative net margin of 6.84% and a negative return on equity of 3.75%. The business’s revenue was up 16.7% compared to the same quarter last year. As a group, research analysts forecast that Globalstar will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Rebecca Clary sold 4,066 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $81.24, for a total value of $330,321.84. Following the completion of the transaction, the chief financial officer owned 121,198 shares of the company’s stock, valued at approximately $9,846,125.52. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Paul E. Jacobs sold 714 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $59.56, for a total value of $42,525.84. Following the completion of the transaction, the chief executive officer directly owned 67,032 shares of the company’s stock, valued at approximately $3,992,425.92. The trade was a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,257 shares of company stock valued at $890,722 over the last three months. Company insiders own 60.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sei Investments Co. boosted its stake in Globalstar by 46.5% during the first quarter. Sei Investments Co. now owns 47,599 shares of the company’s stock valued at $3,162,000 after buying an additional 15,101 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Globalstar by 0.6% during the first quarter. PNC Financial Services Group Inc. now owns 26,090 shares of the company’s stock valued at $1,733,000 after buying an additional 144 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Globalstar by 169.0% during the first quarter. Meeder Asset Management Inc. now owns 1,197 shares of the company’s stock valued at $80,000 after buying an additional 752 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Globalstar by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 231,690 shares of the company’s stock valued at $15,363,000 after buying an additional 16,009 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Globalstar in the 1st quarter valued at $240,000. Institutional investors own 18.89% of the company’s stock.

About Globalstar

(Get Free Report)

Globalstar, Inc is a leading provider of mobile satellite voice and data communications services. Through a network of low Earth orbit (LEO) satellites, the company delivers reliable satellite connectivity to users in remote or underserved regions where terrestrial networks are unavailable or unreliable. Its product portfolio includes satellite phones, two-way satellite data modems and Internet of Things (IoT) devices designed for tracking, monitoring and emergency notification.

Founded in 1991 as a joint venture between Loral and Qualcomm, Globalstar launched its first fleet of 48 satellites between 1998 and 2000.