AST SpaceMobile (NASDAQ:ASTS) Trading Up 4.2% Following Analyst Upgrade

Key Points

• AST SpaceMobile shares rose 4.2% after Cantor Fitzgerald raised its price target from $80 to $90 and maintained an “overweight” rating. The stock traded near $71.63, while the broader analyst consensus remained “Hold” with an average target of $87.42.
• The company reported second-quarter revenue of $31.5 million but missed estimates and posted an adjusted loss of $0.77 per share versus the expected $0.32 loss. Higher costs and capital expenditures highlighted ongoing execution and financing risks.
• Management reaffirmed its 2026 revenue outlook of $150 million to $200 million, citing a $1.2 billion-$1.3 billion backlog and plans for roughly 45 BlueBird satellites in orbit by early 2027; however, insiders sold nearly $9.75 million of stock over the past three months.

AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report)'s stock price was up 4.2% on Tuesday after Cantor Fitzgerald raised their price target on the stock from $80.00 to $90.00. Cantor Fitzgerald currently has an overweight rating on the stock. AST SpaceMobile traded as high as $71.91 and last traded at $71.63. 13,367,016 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 18,103,887 shares. The stock had previously closed at $68.76.

A number of other analysts also recently issued reports on the stock. Piper Sandler initiated coverage on shares of AST SpaceMobile in a report on Wednesday, July 15th. They set an "overweight" rating and a $100.00 price objective for the company. Scotiabank upgraded shares of AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 target price on the stock in a research note on Wednesday, July 29th. New Street Research set a $106.00 target price on shares of AST SpaceMobile in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lowered shares of AST SpaceMobile from a "buy" rating to a "hold" rating and decreased their price target for the stock from $117.00 to $106.00 in a research note on Friday, May 29th. Finally, UBS Group lowered their price target on shares of AST SpaceMobile from $85.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $87.42.

Insider Transactions at AST SpaceMobile

In related news, Director Julio A. Torres sold 15,000 shares of the business's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the sale, the director directly owned 43,239 shares in the company, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Martin Johnson sold 45,809 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $93.81, for a total value of $4,297,342.29. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 105,809 shares of company stock valued at $9,748,492 over the last three months. Company insiders own 20.89% of the company's stock.

More AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile reaffirmed its 2026 revenue outlook of $150 million to $200 million, broadly in line with Wall Street expectations. Management also highlighted a roughly $1.2 billion-$1.3 billion backlog, more than 60 mobile-network-operator partners and a $1 billion government-related award. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Positive Sentiment: The company is targeting approximately 45 BlueBird satellites in orbit by early 2027 as it moves toward beta service, expands spectrum and develops commercial and government opportunities. Recent launches and European testing with mobile operators add support to the long-term growth story. ASTS Q2 Earnings Call Puts Beta Rollout and Government Growth in Focus
• Positive Sentiment: Analysts remained constructive: Cantor Fitzgerald raised its price target to $90 and maintained an “overweight” rating, while Piper Sandler kept “overweight” with a $98 target despite trimming it from $100. AST SpaceMobile Price Target Raised at Cantor Fitzgerald
• Neutral Sentiment: Second-quarter revenue rose sharply year over year to $31.5 million, helped by gateway deliveries and government contracts, but commercial SpaceMobile service revenue has not yet begun.
• Negative Sentiment: AST SpaceMobile reported an adjusted loss of $0.77 per share, versus expectations for a loss of roughly $0.26-$0.32, while revenue missed estimates near $35 million. Higher costs and capital expenditures widened losses, marking another quarterly miss and underscoring execution and financing risks. AST SpaceMobile Second Quarter Earnings Fall Short of Estimates

Hedge Funds Weigh In On AST SpaceMobile

A number of large investors have recently modified their holdings of ASTS. Calton & Associates Inc. lifted its stake in AST SpaceMobile by 0.8% in the 4th quarter. Calton & Associates Inc. now owns 13,579 shares of the company's stock worth $986,000 after purchasing an additional 104 shares in the last quarter. Investmark Advisory Group LLC increased its holdings in shares of AST SpaceMobile by 2.7% in the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company's stock worth $337,000 after purchasing an additional 120 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of AST SpaceMobile by 18.2% in the fourth quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company's stock worth $67,000 after purchasing an additional 142 shares during the period. Larson Financial Group LLC raised its position in shares of AST SpaceMobile by 39.0% in the fourth quarter. Larson Financial Group LLC now owns 513 shares of the company's stock worth $37,000 after buying an additional 144 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in AST SpaceMobile by 6.6% during the first quarter. Capital Advisors Ltd. LLC now owns 2,638 shares of the company's stock valued at $219,000 after buying an additional 164 shares during the period. 60.95% of the stock is currently owned by institutional investors.

AST SpaceMobile Stock Performance

The firm has a market capitalization of $27.80 billion, a PE ratio of -40.24 and a beta of 2.76. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average of $75.22 and a 200 day moving average of $85.69.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.45). The business had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.98 million. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. During the same quarter last year, the business posted ($0.41) EPS. Equities research analysts predict that AST SpaceMobile, Inc. will post -1.38 EPS for the current year.

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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