AST SpaceMobile (NASDAQ:ASTS) Raised to Strong-Buy at Berenberg Bank

Key Points

• Berenberg Bank upgraded AST SpaceMobile to “strong buy,” while other analysts issued ratings ranging from buy to sell. Despite the upgrade, MarketBeat’s overall consensus remains “hold,” with an average price target of $86.58.
• AST SpaceMobile reported weaker-than-expected quarterly results, posting a $0.77 per-share loss versus the expected $0.32 loss and revenue of $31.52 million versus $34.53 million expected.
• The stock opened at $62.13 and has traded between $36.08 and $133.86 over the past year. Insider ownership stands at 20.89%, with a director recently buying shares while the CFO previously sold a portion of his holdings.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) was upgraded by Berenberg Bank to a "strong-buy" rating in a research note issued to investors on Wednesday, Zacks reports.

Several other equities analysts have also weighed in on ASTS. B. Riley Financial raised AST SpaceMobile from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Friday, July 17th. New Street Research set a $106.00 target price on AST SpaceMobile in a research note on Friday, May 29th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. Scotiabank upgraded AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 price target for the company in a research note on Wednesday, July 29th. Finally, William Blair reissued a "market perform" rating on shares of AST SpaceMobile in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $86.58.

AST SpaceMobile Stock Performance

NASDAQ ASTS opened at $62.13 on Wednesday. The company has a market capitalization of $24.18 billion, a PE ratio of -29.03 and a beta of 2.74. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. AST SpaceMobile has a 52-week low of $36.08 and a 52-week high of $133.86. The company has a 50-day simple moving average of $67.19 and a 200 day simple moving average of $80.67.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.45). The company had revenue of $31.52 million during the quarter, compared to analysts' expectations of $34.53 million. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. On average, research analysts predict that AST SpaceMobile will post -1.95 EPS for the current year.

Insiders Place Their Bets

In other AST SpaceMobile news, CFO Andrew Johnson sold 45,809 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the sale, the chief financial officer owned 503,619 shares of the company's stock, valued at $47,244,498.39. The trade was a 8.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Adriana Cisneros bought 10,822 shares of the company's stock in a transaction on Monday, August 31st. The shares were bought at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the transaction, the director owned 797,023 shares of the company's stock, valued at approximately $45,605,656.06. This represents a 1.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 20.89% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC bought a new position in shares of AST SpaceMobile in the second quarter valued at approximately $26,000. Cornerstone Planning Group LLC increased its position in shares of AST SpaceMobile by 16,350.0% in the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock worth $27,000 after purchasing an additional 327 shares during the last quarter. Grove Bank & Trust bought a new position in shares of AST SpaceMobile in the 2nd quarter worth $27,000. Continuum Advisory LLC purchased a new stake in AST SpaceMobile during the second quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of AST SpaceMobile during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Key AST SpaceMobile News

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

• Positive Sentiment: Berenberg initiated coverage of AST SpaceMobile (ASTS) with a Buy rating and a $92 price target, implying substantial upside from recent levels. The firm’s broader space-sector coverage reflects growing institutional interest in satellite communications and orbital infrastructure. Berenberg initiates coverage of AST SpaceMobile
• Positive Sentiment: Director Adriana Cisneros purchased 10,822 ASTS shares for approximately $619,235 at an average price of $57.22, increasing her holdings to 797,023 shares. The open-market purchase may reassure investors about insider confidence in the company’s long-term prospects. AST SpaceMobile insider purchase
• Positive Sentiment: Regulatory progress remains a potential catalyst: the FCC authorized testing of 800 MHz connectivity, while Japan’s Radio Regulatory Council endorsed a 700 MHz framework for Rakuten and AST SpaceMobile’s network. Carrier partnerships and the planned US Mobile service launch could support future commercialization. FCC progress and BlueBird satellite outlook
• Neutral Sentiment: Seeking Alpha maintained a bullish view, arguing that the recent selloff has gone too far and that AST SpaceMobile could target approximately $1 billion in first-year commercial revenue. However, that outlook depends on deploying 45 BlueBird satellites and meeting ambitious 2027 operating targets. AST SpaceMobile selloff analysis
• Negative Sentiment: AST SpaceMobile moved its target for 45 satellites from late 2026 to early 2027. The delay raises concerns about manufacturing execution, launch timing and the company’s ability to begin commercial revenue on schedule. AST SpaceMobile commercial launch delay
• Negative Sentiment: The company’s latest quarterly results missed expectations: an adjusted loss of $0.77 per share versus an expected loss of $0.32, and revenue of $31.52 million versus $34.53 million expected. Heavy cash burn, possible dilution and prior insider-selling concerns continue to pressure the valuation. AST SpaceMobile financial concerns
• Negative Sentiment: Kessler Topaz Meltzer & Check is investigating potential federal securities-law violations involving ASTS. The announcement does not establish wrongdoing, but it adds headline and litigation risk after the stock’s steep decline since May. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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