Globalstar (NASDAQ:GSAT) Stock Rating Lowered by Clear Str

Posted by Brenda Bartman on May 16th, 2026

Globalstar (NASDAQ:GSAT – Get Free Report) was downgraded by Clear Str from a “strong-buy” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

A number of other research firms have also recently weighed in on GSAT. Zacks Research cut shares of Globalstar from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings raised shares of Globalstar from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $70.00 target price on shares of Globalstar in a report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $69.00.

View Our Latest Report on GSAT

Globalstar Stock Down 0.1%

GSAT stock opened at $81.98 on Friday. 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 has a twelve month low of $17.76 and a twelve month high of $83.00. The company’s 50 day moving average is $72.02 and its two-hundred day moving average is $64.55. The stock has a market cap of $10.56 billion, a P/E ratio of -546.53 and a beta of 1.56.

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

Insider Buying and Selling at Globalstar

In related news, General Counsel L Barbee Iv Ponder sold 682 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $57.31, for a total transaction of $39,085.42. Following the completion of the sale, the general counsel owned 143,348 shares of the company’s stock, valued at approximately $8,215,273.88. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul E. Jacobs sold 1,153 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $57.31, for a total transaction of $66,078.43. Following the completion of the sale, the chief executive officer directly owned 61,080 shares of the company’s stock, valued at $3,500,494.80. This trade represents a 1.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,257 shares of company stock worth $890,722. Corporate insiders own 60.00% of the company’s stock.

Institutional Trading of Globalstar

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted 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 worth $1,733,000 after purchasing an additional 144 shares during the last quarter. Clay Northam Wealth Management LLC increased its holdings in shares of Globalstar by 4.6% during the first quarter. Clay Northam Wealth Management LLC now owns 3,626 shares of the company’s stock valued at $241,000 after purchasing an additional 160 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Globalstar by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,106 shares of the company’s stock valued at $1,219,000 after purchasing an additional 248 shares during the period. Clearstead Trust LLC increased its holdings in shares of Globalstar by 20.7% during the fourth quarter. Clearstead Trust LLC now owns 2,131 shares of the company’s stock valued at $130,000 after purchasing an additional 366 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Globalstar during the fourth quarter valued at $26,000. Institutional investors and hedge funds 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.