--- title: "Globalstar (NASDAQ:GSAT) Shares Gap Up After Strong Earnings" description: "Globalstar (NASDAQ:GSAT) shares surged after the company reported better-than-expected quarterly earnings, with EPS of $0.13, surpassing estimates. The stock opened at $27.39, up from a previous close" type: "news" locale: "en" url: "https://longbridge.com/en/news/252339241.md" published_at: "2025-08-09T14:47:26.000Z" --- # Globalstar (NASDAQ:GSAT) Shares Gap Up After Strong Earnings > Globalstar (NASDAQ:GSAT) shares surged after the company reported better-than-expected quarterly earnings, with EPS of $0.13, surpassing estimates. The stock opened at $27.39, up from a previous close of $25.18, and last traded at $29.60. Insider trading saw Director James Monroe III acquire 50,000 shares. Institutional investors have increased their stakes, with Penserra Capital Management boosting its position by 320.9%. Globalstar has a market cap of $3.75 billion and offers mobile satellite services globally. Globalstar, Inc. (NASDAQ:GSAT - Get Free Report) shares gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $25.18, but opened at $27.39. Globalstar shares last traded at $29.60, with a volume of 482,463 shares changing hands. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.22. Globalstar had a negative return on equity of 8.96% and a negative net margin of 29.65%. ## Wall Street Analysts Forecast Growth Separately, Wall Street Zen raised shares of Globalstar from a "sell" rating to a "hold" rating in a research note on Monday, June 23rd. **Read Our Latest Stock Report on GSAT** ## Insider Activity at Globalstar In other Globalstar news, Director James Monroe III acquired 50,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was bought at an average cost of $18.68 per share, for a total transaction of $934,000.00. Following the completion of the transaction, the director owned 58,833,076 shares of the company's stock, valued at approximately $1,099,001,859.68. The trade was a 0.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 61.00% of the company's stock. ## Hedge Funds Weigh In On Globalstar Several large investors have recently modified their holdings of GSAT. Penserra Capital Management LLC increased its position in shares of Globalstar by 320.9% during the 2nd quarter. Penserra Capital Management LLC now owns 486,521 shares of the company's stock worth $11,456,000 after purchasing an additional 370,943 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Globalstar in the 2nd quarter valued at approximately $3,037,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Globalstar by 124.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,039 shares of the company's stock valued at $3,369,000 after acquiring an additional 79,185 shares during the period. Palogic Value Management L.P. acquired a new position in shares of Globalstar in the 2nd quarter worth approximately $1,178,000. Finally, Geode Capital Management LLC boosted its position in shares of Globalstar by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,274,523 shares of the company's stock worth $30,019,000 after purchasing an additional 20,514 shares during the period. Institutional investors and hedge funds own 18.89% of the company's stock. ## Globalstar Stock Performance The company has a current ratio of 2.27, a quick ratio of 2.19 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average of $24.02. The company has a market capitalization of $3.75 billion, a PE ratio of -40.54 and a beta of 0.87. ## Globalstar Company Profile (Get Free Report) 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. ## Featured Articles - Five stocks we like better than Globalstar - Insider Trading - What You Need to Know - Why Axon's 16% Surge Signals a New Era in Public Safety Tech - The Risks of Owning Bonds - DraftKings Posts Record Quarter, Eyes Profitability - What Are Dividend Champions? How to Invest in the Champions - Amazon Takes an Equity Stake in IonQ—Any Upside Potential? *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in Globalstar Right Now? Before you consider Globalstar, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Globalstar wasn't on the list. While Globalstar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [GSAT.US - Globalstar](https://longbridge.com/en/quote/GSAT.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 在 Boingo 宣佈其私人 5G XCOM RAN 集成的消息後，審視 Globalstar (GSAT) 的估值 | 全球星 (GSAT) 由於 Boingo Wireless 將其 XCOM RAN 平台整合到私人網絡中而備受關注。儘管近期股價有所下跌，但 GSAT 在長期回報方面表現顯著。分析師建議每股公允價值為 3 美元，表明當前 58.78 美元的 | [Link](https://longbridge.com/en/news/275631582.md) | | Penserra Capital Management LLC 減少了其在 Globalstar, Inc. $GSAT 的持股 | Penserra Capital Management LLC 在第三季度減少了對 Globalstar, Inc. (NASDAQ:GSAT) 的持股比例，下降了 9.8%，目前持有 439,038 股，出售了 47,483 股。其他投資 | [Link](https://longbridge.com/en/news/274983259.md) | | 信安金融集團公司購入了 40,024 股 Globant S.A.的股票 $GLOB | Principal Financial Group Inc. 在第三季度將其在 Globant S.A. 的持股增加了 27.6%，增持了 40,024 股，總持股達到 185,263 股，市值為 1063 萬美元。其他機構投資者也增加了他 | [Link](https://longbridge.com/en/news/275742761.md) | | 全球領先的科技公司成立了可信技術聯盟倡議 | 十五家來自非洲、亞洲、歐洲和北美的領先全球科技公司在慕尼黑安全會議上宣佈成立 “可信技術聯盟”（Trusted Tech Alliance，簡稱 TTA）。該聯盟旨在基於共同原則跨國合作，建立一個值得信賴的技術基礎，重點關注透明度、安全性和 | [Link](https://longbridge.com/en/news/276014782.md) | | 全球星（GSAT）：在股價經歷了一整年的強勁上漲後重新評估其估值 | 全球星 (GSAT) 的股價大幅上漲，過去一年翻了一番。投資者正在重新評估其估值，公允價值為 67.50 美元，表明其被低估了 6.3%。該公司正在擴展其 RM200 雙向模塊，提升了收入和利潤率。然而，挑戰包括較長的銷售週期和資本需求。全 | [Link](https://longbridge.com/en/news/270800939.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.