AST SpaceMobile (NASDAQ:ASTS – Get Free Report) had its target price dropped by research analysts at Piper Sandler from $100.00 to $98.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 42.52% from the stock’s current price.
A number of other brokerages have also issued reports on ASTS. New Street Research set a $106.00 target price on AST SpaceMobile in a research report on Friday, May 29th. Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price target for the company in a report on Wednesday, July 29th. Cantor Fitzgerald raised their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group dropped their price objective on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Finally, Roth Capital restated a “buy” rating and issued a $108.00 price target on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.64.
Read Our Latest Report on ASTS
AST SpaceMobile Price Performance
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). The firm had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.98 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.During the same quarter in the prior year, the firm earned ($0.41) EPS. Equities research analysts expect that AST SpaceMobile will post -1.38 EPS for the current fiscal year.
Insider Buying and Selling
In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $93.81, for a total value of $4,297,342.29. Following the completion of the transaction, the chief financial officer directly owned 503,619 shares in the company, valued at $47,244,498.39. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julio A. Torres sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total value of $1,145,100.00. Following the transaction, the director owned 43,239 shares of the company’s stock, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,809 shares of company stock worth $9,748,492 over the last quarter. 20.89% of the stock is owned by company insiders.
Institutional Investors Weigh In On AST SpaceMobile
A number of institutional investors and hedge funds have recently modified their holdings of ASTS. Vodafone Ventures Ltd purchased a new stake in shares of AST SpaceMobile during the fourth quarter valued at $397,413,000. Norges Bank acquired a new stake in shares of AST SpaceMobile in the fourth quarter worth $198,270,000. Vanguard Group Inc. boosted its position in AST SpaceMobile by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock worth $1,560,687,000 after acquiring an additional 1,568,292 shares during the period. Morgan Stanley boosted its holdings in shares of AST SpaceMobile by 44.0% during the fourth quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock worth $338,569,000 after purchasing an additional 1,425,199 shares during the period. Finally, Focus Partners Wealth grew its holdings in shares of AST SpaceMobile by 8,016.7% during the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock valued at $92,000,000 after acquiring an additional 1,253,967 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.
Key Stories Impacting AST SpaceMobile
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: AST SpaceMobile reaffirmed 2026 revenue guidance of $150 million to $200 million, broadly in line with Wall Street expectations. The company also has a reported backlog of approximately $1.2 billion to $1.3 billion and more than 60 mobile-network-operator partnerships, supporting the potential for significant future growth. AST SpaceMobile Raises Revenue Outlook as Satellite Network Expands
- Positive Sentiment: Management continues to advance its constellation, with a target of roughly 45 satellites in orbit by early 2027 and 10 launches booked. Progress in BlueBird satellite production and planned commercial service launches keeps the long-term growth narrative intact. ASTS Stock Drops After Hours on Q2 Revenue Miss
- Positive Sentiment: Cantor Fitzgerald raised its ASTS price target from $80 to $90 and maintained an “overweight” rating, arguing that the company can remain a strong equity story as its network and revenue opportunity develop. AST SpaceMobile Price Target Raised at Cantor Fitzgerald
- Neutral Sentiment: Shares moved higher after an initial decline, indicating that some investors viewed the guidance, backlog and launch plans as more important than the quarterly miss. Broader market concerns about inflation and geopolitical risks may continue to add volatility. AST SpaceMobile Stock Reverses Higher Despite Missing Estimates
- Negative Sentiment: Second-quarter revenue was $31.5 million, below the roughly $35.0 million consensus estimate, while the company posted a substantially wider-than-expected loss. Reported losses also increased from the prior-year period, reinforcing concerns about execution and profitability. AST SpaceMobile Reports Q2 Loss and Revenue Miss
- Negative Sentiment: Commercial SpaceMobile service revenue has not yet begun, and the company continues to consume substantial cash while funding satellite production, launches and network deployment. Investors therefore remain focused on launch execution, the timing of service revenue and the risk of additional financing.
AST SpaceMobile Company Profile
AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.
AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.
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