AST SpaceMobile, Inc. (NASDAQ:ASTS) Receives Consensus Rating of “Hold” from Brokerages

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTSGet Free Report) have earned a consensus rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $87.60.

Several equities analysts have issued reports on the stock. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Barclays lifted their price target on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, April 9th. Wall Street Zen cut shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. Finally, New Street Research set a $106.00 target price on AST SpaceMobile in a research report on Friday, May 29th.

View Our Latest Report on ASTS

Insider Transactions at AST SpaceMobile

In other news, CFO Andrew Martin Johnson sold 45,809 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $93.81, for a total transaction 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. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $96.37, for a total value of $3,854,800.00. Following the completion of the sale, the chief technology officer owned 34,750 shares in the company, valued at $3,348,857.50. The trade was a 53.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 105,809 shares of company stock worth $9,748,492 over the last ninety days. 20.89% of the stock is owned by insiders.

Institutional Investors Weigh In On AST SpaceMobile

Institutional investors have recently modified their holdings of the company. Calton & Associates Inc. raised its stake in AST SpaceMobile by 0.8% during the fourth quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock worth $986,000 after buying an additional 104 shares during the last quarter. Investmark Advisory Group LLC lifted its holdings in AST SpaceMobile by 2.7% in the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock valued at $337,000 after buying an additional 120 shares during the period. ORG Partners LLC boosted its position in AST SpaceMobile by 4.2% during the fourth quarter. ORG Partners LLC now owns 3,283 shares of the company’s stock valued at $238,000 after acquiring an additional 133 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in AST SpaceMobile by 18.2% during the fourth quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock valued at $67,000 after acquiring an additional 142 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in AST SpaceMobile by 39.0% during the 4th quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock worth $37,000 after acquiring an additional 144 shares during the period. 60.95% of the stock is owned by institutional investors.

Trending Headlines about AST SpaceMobile

Here are the key news stories impacting AST SpaceMobile this week:

  • Positive Sentiment: AST SpaceMobile is scheduled to launch BlueBird satellites 11–13 aboard a SpaceX Falcon 9 on Aug. 5. The mission is an important step toward expanding the company’s direct-to-smartphone broadband constellation, while the satellites’ reported Guinness World Record recognition added publicity and investor enthusiasm. ASTS Stock Hits Nearly 3-Week High: Meta Exec Teases WhatsApp Over Satellite Ahead Of BlueBird Launch
  • Positive Sentiment: A Meta executive highlighted work related to bringing WhatsApp connectivity over satellites, reinforcing expectations that AST SpaceMobile could benefit from partnerships supporting satellite-to-device communications. AST SpaceMobile gains as Meta executive highlights WhatsApp satellite workshop
  • Positive Sentiment: Short interest reportedly declined to approximately 19.9% of the public float from 21.7% the prior week. The reduction may ease short-selling pressure ahead of the BlueBird launch, although short interest remains elevated. ASTS Short Interest Drops Below 20% Ahead Of BlueBird Launch
  • Neutral Sentiment: ASTS participated in a broader rally among space stocks as traders positioned around SpaceX’s first public earnings report. The sector-wide move may support near-term sentiment but does not directly change AST SpaceMobile’s fundamentals. Space stocks rally ahead of SpaceX earnings
  • Negative Sentiment: Investors are awaiting AST SpaceMobile’s Aug. 10 second-quarter earnings report. Analysts and pre-earnings commentary question the likelihood of an earnings beat, while competition, execution risk and the company’s history of losses could increase volatility. Is AST SpaceMobile Stock a Smart Buy Before Q2 Earnings Release?
  • Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of AST SpaceMobile investors. The investigation does not establish wrongdoing, but it introduces headline and potential litigation risk. Pomerantz investor investigation

AST SpaceMobile Stock Performance

NASDAQ:ASTS opened at $70.31 on Wednesday. The stock has a market cap of $27.29 billion, a P/E ratio of -39.50 and a beta of 2.75. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. The stock’s 50-day moving average is $79.33 and its 200-day moving average is $86.88. AST SpaceMobile has a 1-year low of $36.08 and a 1-year high of $133.86.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The firm had revenue of $14.73 million during the quarter, compared to analyst estimates of $39.01 million. During the same period in the prior year, the company earned ($0.20) EPS. The business’s quarterly revenue was up 1952.2% compared to the same quarter last year. Equities research analysts anticipate that AST SpaceMobile will post -1.38 earnings per share for the current year.

About AST SpaceMobile

(Get Free Report)

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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Analyst Recommendations for AST SpaceMobile (NASDAQ:ASTS)

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