Globalstar (NASDAQ:GSAT) Lowered to Sell Rating by Wall Street Zen

Posted by ABMN Staff on Jun 16th, 2025

Wall Street Zen downgraded shares of Globalstar (NASDAQ:GSAT – Free Report) from a hold rating to a sell rating in a research note published on Sunday morning.

Globalstar Stock Down 1.1%

NASDAQ:GSAT opened at $21.95 on Friday. The company has a market capitalization of $2.78 billion, a PE ratio of -30.07 and a beta of 0.86. Globalstar has a 1-year low of $15.00 and a 1-year high of $41.10.

Insider Activity at Globalstar

In other news, Director James Monroe III bought 50,000 shares of Globalstar stock in a transaction dated Friday, May 16th. The shares were acquired at an average cost of $18.68 per share, with a total value of $934,000.00. Following the completion of the transaction, the director now owns 58,833,076 shares in the company, valued at approximately $1,099,001,859.68. This trade represents a 0.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 61.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Globalstar stock. Acadian Asset Management LLC purchased a new stake in Globalstar, Inc. (NASDAQ:GSAT – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,777 shares of the company’s stock, valued at approximately $99,000. 18.89% of the stock is currently owned by hedge funds and other institutional investors.

About Globalstar

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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.