AST SpaceMobile (NASDAQ:ASTS – Get Free Report) was upgraded by research analysts at Berenberg Bank to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.
A number of other research analysts have also issued reports on ASTS. UBS Group started coverage on shares of AST SpaceMobile in a research note on Wednesday. They set a “buy” rating for the company. Cantor Fitzgerald raised their target price on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Roth Capital reaffirmed a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. B. Riley Financial upgraded AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Friday, July 17th. Finally, Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price target on the stock in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AST SpaceMobile has an average rating of “Hold” and a consensus target price of $86.58.
AST SpaceMobile Stock Performance
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The business had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.53 million. During the same period last year, the firm posted ($0.41) earnings per share. As a group, equities research analysts predict that AST SpaceMobile will post -1.95 EPS for the current year.
Insider Buying and Selling
In other news, Director Adriana Cisneros purchased 10,822 shares of the stock in a transaction dated Monday, August 31st. The shares were bought at an average cost of $57.22 per share, for a total transaction of $619,234.84. Following the transaction, the director owned 797,023 shares in the company, valued at $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total value of $4,297,342.29. Following the transaction, the chief financial officer owned 503,619 shares in the company, valued at approximately $47,244,498.39. This trade represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 20.89% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. 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. ABN Amro Investment Solutions purchased a new stake in shares of AST SpaceMobile during the 1st quarter worth about $996,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of AST SpaceMobile during the 4th quarter worth about $2,290,000. KBC Group NV lifted its holdings in shares of AST SpaceMobile by 259.5% during the 1st quarter. KBC Group NV now owns 23,438 shares of the company’s stock valued at $1,942,000 after buying an additional 16,918 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of AST SpaceMobile in the 1st quarter valued at approximately $1,329,000. Institutional investors 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: Berenberg upgrade boosts investor confidence. Berenberg Bank upgraded AST SpaceMobile to “strong-buy” after initiating coverage with a Buy rating and a $92 price target, implying substantial upside from the $62.13 share price. The firm views ASTS as a potential leader in direct-to-smartphone satellite connectivity. Berenberg initiates coverage of AST SpaceMobile
- Positive Sentiment: Insider buying signals management conviction. Director Adriana Cisneros reportedly purchased 10,822 shares for approximately $619,000 at an average price near $57.22. The open-market purchase suggests confidence in the company’s regulatory progress and future commercial rollout. AST SpaceMobile Trading Up Following Insider Buying Activity
- Positive Sentiment: Regulatory and commercial catalysts remain intact. ASTS has more than 60 mobile-network partnerships and is progressing with FCC testing and international regulatory approvals. The company is targeting approximately $1 billion in first-year commercial revenue, provided it can deploy its satellite network successfully. AST SpaceMobile: The Selloff Has Gone Too Far
- Neutral Sentiment: Broader space-sector interest is providing support. Berenberg’s bullish coverage of several space companies and growing institutional interest in orbital communications are helping reframe ASTS as an infrastructure opportunity, although the sector remains speculative.
- Negative Sentiment: Commercial deployment has been pushed back. AST SpaceMobile moved its target for having 45 BlueBird satellites in orbit from late 2026 to early 2027, raising concerns about manufacturing, launch cadence, and the timing of revenue generation. AST SpaceMobile Moved Its Commercial Launch Target
- Negative Sentiment: Financial and legal risks remain significant. ASTS recently missed quarterly earnings and revenue estimates, while substantial cash burn, potential dilution, prior insider selling concerns, and a securities-law investigation continue to weigh on the investment case. AST SpaceMobile Investigation Alert
About AST SpaceMobile
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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