AST SpaceMobile (NASDAQ:ASTS) Price Target Cut to $48.00 by Analysts at B. Riley Financial

Key Points

• B. Riley cut its AST SpaceMobile price target to $48 from $65 and maintained a neutral rating, implying 46.7% upside from the prior close. Analysts’ average rating is Hold, with an average price target of $75.47.
• Shares fell 11.3% to $32.73 on Tuesday. The company’s quarterly revenue rose about 188% year over year to $42.3 million but missed estimates, while its loss per share was wider than expected.
• AST SpaceMobile maintained its 2026 revenue guidance of $150 million to $200 million; a reported Japan satellite joint venture with Rakuten and up to $1 billion in potential government support could offer a growth opportunity.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) had its target price decreased by equities research analysts at B. Riley Financial from $65.00 to $48.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. B. Riley Financial's price objective would indicate a potential upside of 46.67% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the company. Bank of America reaffirmed a "neutral" rating on shares of AST SpaceMobile in a research report on Tuesday. Piper Sandler downgraded shares of AST SpaceMobile from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $98.00 to $54.00 in a research report on Tuesday, October 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of AST SpaceMobile in a research note on Monday, September 21st. UBS Group reissued a "neutral" rating and set a $43.00 target price on shares of AST SpaceMobile in a research report on Tuesday. Finally, Scotiabank upgraded shares of AST SpaceMobile from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $50.80 to $55.70 in a research note on Friday, October 23rd. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $75.47.

AST SpaceMobile Trading Down 11.3%

Shares of NASDAQ:ASTS traded down $4.16 during trading on Tuesday, reaching $32.73. 13,238,411 shares of the company were exchanged, compared to its average volume of 16,794,914. AST SpaceMobile has a 12-month low of $27.58 and a 12-month high of $133.86. The firm has a market capitalization of $12.74 billion, a PE ratio of -15.30 and a beta of 2.88. The business's fifty day simple moving average is $51.74 and its 200-day simple moving average is $75.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its earnings results on Monday, November 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The firm had revenue of $42.32 million during the quarter, compared to analysts' expectations of $45.73 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. AST SpaceMobile's quarterly revenue was up 187.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.45) earnings per share. On average, research analysts anticipate that AST SpaceMobile will post -1.91 EPS for the current year.

Insider Buying and Selling

In other news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total value of $2,357,200.00. Following the sale, the chief technology officer directly owned 34,750 shares of the company's stock, valued at $2,047,817.50. The trade was a 53.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Shanti Gupta sold 12,000 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the completion of the transaction, the chief operating officer directly owned 462,980 shares of the company's stock, valued at approximately $27,264,892.20. This represents a 2.53% 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 currently owned by insiders.

Hedge Funds Weigh In On AST SpaceMobile

A number of hedge funds have recently made changes to their positions in the stock. Compass Financial Management LLC acquired a new position in shares of AST SpaceMobile during the second quarter worth about $26,000. Grove Bank & Trust purchased a new stake in AST SpaceMobile in the 2nd quarter valued at $27,000. Continuum Advisory LLC purchased a new position in AST SpaceMobile during the 2nd quarter worth $28,000. Cornerstone Planning Group LLC grew its holdings in shares of AST SpaceMobile by 16,350.0% during the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock worth $27,000 after buying an additional 327 shares during the last quarter. Finally, Community Financial Services Group LLC purchased a new position in shares of AST SpaceMobile in the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile and Rakuten are forming a Japan-focused satellite joint venture, with up to $1 billion in Japanese government support reported for the project. The network is intended to extend direct-to-smartphone coverage and provide emergency connectivity, adding a potential growth opportunity. AST SpaceMobile Secures Up To $1 Billion For Japan Satellite Venture
• Neutral Sentiment: The company maintained its 2026 revenue guidance of $150 million to $200 million, a range that includes the current consensus estimate of $165.8 million. ASTS Stock Retreats On Q3 Sales Miss
• Negative Sentiment: Third-quarter revenue rose about 188% year over year to $42.3 million, but missed the $45.7 million analyst estimate. The loss of $0.44 per share was also wider than the expected $0.41, as rising costs associated with satellite expansion weighed on results. ASTS Q3 Earnings Miss Estimates
• Negative Sentiment: Bank of America cut its price target to $45 from $80 and kept a Neutral rating, citing a slower satellite launch pace and later commercial availability. BofA Cuts ASTS Price Target
• Negative Sentiment: Several law firms publicized a securities class action alleging the company made misleading statements about its funding position and competitive outlook. The allegations have not been proven; investors have until November 13 to seek lead-plaintiff status. AST SpaceMobile Lawsuit Deadline Notice

About AST SpaceMobile

AST SpaceMobile, Inc. develops a space-based cellular broadband network designed to connect directly with standard mobile phones, without requiring users to purchase specialized satellite devices. Its planned services include voice calls, text messaging and mobile broadband, delivered through partnerships with mobile network operators and integrated with their existing networks. The company is developing and deploying its BlueBird satellite system to provide coverage in areas where terrestrial cellular networks are unavailable or limited.

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