Cantor Fitzgerald Predicts AST SpaceMobile FY2026 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for AST SpaceMobile in a research note issued on Monday, June 9th. Cantor Fitzgerald analyst C. Canfield anticipates that the company will post earnings per share of ($0.96) for the year. Cantor Fitzgerald has a "Overweight" rating and a $30.00 price objective on the stock. The consensus estimate for AST SpaceMobile's current full-year earnings is ($0.40) per share.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.03). The firm had revenue of $0.72 million during the quarter, compared to analysts' expectations of $3.85 million.

Several other brokerages have also issued reports on ASTS. UBS Group lifted their target price on shares of AST SpaceMobile from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Roth Capital began coverage on AST SpaceMobile in a report on Thursday, April 10th. They issued a "buy" rating and a $42.00 price objective on the stock. Oppenheimer assumed coverage on AST SpaceMobile in a research note on Monday, May 5th. They issued a "market perform" rating on the stock. Finally, Scotiabank dropped their price objective on shares of AST SpaceMobile from $47.90 to $45.40 and set a "sector outperform" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, AST SpaceMobile has an average rating of "Moderate Buy" and an average target price of $42.40.

AST SpaceMobile Price Performance

NASDAQ:ASTS traded up $1.45 during trading hours on Tuesday, reaching $38.37. 22,864,526 shares of the company were exchanged, compared to its average volume of 12,383,047. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.31. The stock's 50-day moving average is $25.74 and its 200-day moving average is $25.05. The firm has a market cap of $12.14 billion, a PE ratio of -18.10 and a beta of 2.02. AST SpaceMobile has a twelve month low of $9.32 and a twelve month high of $41.05.

Institutional Investors Weigh In On AST SpaceMobile

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of AST SpaceMobile during the 1st quarter worth approximately $168,000. Belpointe Asset Management LLC acquired a new position in AST SpaceMobile during the first quarter worth $900,000. Intech Investment Management LLC boosted its position in shares of AST SpaceMobile by 36.2% during the first quarter. Intech Investment Management LLC now owns 84,069 shares of the company's stock worth $1,912,000 after buying an additional 22,358 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of AST SpaceMobile by 18.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company's stock worth $7,405,000 after buying an additional 49,811 shares during the period. Finally, Optimize Financial Inc grew its stake in shares of AST SpaceMobile by 15.9% in the first quarter. Optimize Financial Inc now owns 41,484 shares of the company's stock valued at $943,000 after buying an additional 5,676 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 55,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $26.82, for a total transaction of $1,475,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Shanti B. Gupta sold 15,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $36.08, for a total value of $541,200.00. Following the sale, the chief operating officer now directly owns 315,667 shares of the company's stock, valued at $11,389,265.36. The trade was a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 174,250 shares of company stock worth $5,728,350 in the last ninety days. 34.15% of the stock is owned by insiders.

About AST SpaceMobile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.