AST SpaceMobile (NASDAQ:ASTS – Free Report) had its price objective upped by Cantor Fitzgerald from $80.00 to $90.00 in a research report report published on Tuesday morning, Marketbeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock.
A number of other brokerages also recently issued reports on ASTS. Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price for the company in a research note on Wednesday, July 29th. B. Riley Financial raised shares of AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Friday, July 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. Piper Sandler started coverage on shares of AST SpaceMobile in a report on Wednesday, July 15th. They issued an “overweight” rating and a $100.00 price objective for the company. Finally, New Street Research set a $106.00 price objective on AST SpaceMobile in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, AST SpaceMobile currently has a consensus rating of “Hold” and an average price target of $85.98.
View Our Latest Report on ASTS
AST SpaceMobile Trading Down 3.8%
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 23.32%. The company had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.53 million. During the same period in the prior year, the business posted ($0.41) EPS. Analysts predict that AST SpaceMobile will post -1.83 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CTO Huiwen Yao sold 40,000 shares of the firm’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 transaction of $3,854,800.00. Following the completion of the transaction, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at $3,348,857.50. This trade represents a 53.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $4,297,342.29. Following the completion of the sale, the chief financial officer directly owned 503,619 shares of the company’s stock, valued at $47,244,498.39. The trade was a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 90,809 shares of company stock valued at $8,603,392. Corporate insiders own 20.89% of the company’s stock.
Institutional Trading of AST SpaceMobile
A number of hedge funds have recently made changes to their positions in the company. Vodafone Ventures Ltd acquired a new stake in shares of AST SpaceMobile during the 4th quarter worth approximately $397,413,000. Norges Bank acquired a new stake in shares of AST SpaceMobile in the fourth quarter valued at approximately $198,270,000. Vanguard Group Inc. increased its position in AST SpaceMobile by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock valued at $1,560,687,000 after acquiring an additional 1,568,292 shares during the period. Morgan Stanley raised its stake in AST SpaceMobile by 44.0% during the 4th quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock valued at $338,569,000 after acquiring an additional 1,425,199 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in AST SpaceMobile by 8,016.7% during the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock worth $92,000,000 after acquiring an additional 1,253,967 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: An analyst upgrade and a separate Cantor Fitzgerald commentary supported the long-term outlook, with Cantor arguing that ASTS shares could rise as the company moves toward commercial deployment. AST SpaceMobile stock price up after analyst upgrade Cantor Fitzgerald analyst expects AST SpaceMobile stock to rise
- Positive Sentiment: AST SpaceMobile is accelerating plans for an “imminent” United Kingdom direct-to-cell service with Vodafone, potentially creating an early commercial revenue stream and validating carrier demand. AST SpaceMobile and Vodafone UK direct-to-cell service
- Positive Sentiment: SpaceX has launched six ASTS BlueBird satellites this year, bringing 13 satellites into orbit. AST SpaceMobile is targeting 45 satellites by early 2027, a milestone intended to support its longer-term revenue ambitions. SpaceX helps AST SpaceMobile pursue revenue goal AST SpaceMobile targets 45 satellites
- Neutral Sentiment: Broader space stocks are trading unevenly, suggesting that sector-wide volatility and shifting investor sentiment are contributing to ASTS’s weakness, rather than a company-specific catalyst alone. Space stocks under pressure
- Negative Sentiment: ASTS reported a second-quarter loss of $0.77 per share versus the expected $0.32 loss and revenue of $31.52 million versus the $34.53 million consensus. Rising operating costs, a negative net margin and continued cash requirements are weighing on the investment case. AST SpaceMobile second-quarter performance
- Negative Sentiment: Analyst Tim Farrar flagged ASTS’s “very inflated” valuation, mounting delays and direct competition from SpaceX’s Starlink. Those concerns make the stock vulnerable if satellite launches, service rollout or revenue growth fall short of expectations. Analyst flags ASTS valuation and competition risks
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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