Cantor Fitzgerald Comments on AST SpaceMobile FY2025 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for AST SpaceMobile in a report issued on Monday, May 12th. Cantor Fitzgerald analyst C. Canfield expects that the company will earn ($0.97) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $30.00 price target on the stock. The consensus estimate for AST SpaceMobile's current full-year earnings is ($0.40) per share.

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

AST SpaceMobile Price Performance

Shares of ASTS opened at $26.55 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80. AST SpaceMobile has a 1-year low of $2.25 and a 1-year high of $39.08. The stock has a market cap of $8.40 billion, a PE ratio of -12.52 and a beta of 2.05. The firm has a fifty day moving average price of $24.63 and a 200 day moving average price of $24.50.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ASTS. Sunbelt Securities Inc. raised its stake in shares of AST SpaceMobile by 61.9% during the first quarter. Sunbelt Securities Inc. now owns 1,321 shares of the company's stock worth $30,000 after purchasing an additional 505 shares during the last quarter. GAMMA Investing LLC increased its stake in AST SpaceMobile by 388.7% in the 1st quarter. GAMMA Investing LLC now owns 1,559 shares of the company's stock valued at $35,000 after buying an additional 1,240 shares during the period. Summit Securities Group LLC purchased a new position in AST SpaceMobile during the 4th quarter worth $37,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of AST SpaceMobile in the 1st quarter worth $41,000. Finally, Close Asset Management Ltd lifted its stake in shares of AST SpaceMobile by 72.4% in the 1st quarter. Close Asset Management Ltd now owns 1,810 shares of the company's stock worth $41,000 after acquiring an additional 760 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 20,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.73, for a total transaction of $614,600.00. Following the completion of the sale, the director now directly owns 52,628 shares of the company's stock, valued at $1,617,258.44. This represents a 27.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 34.15% of the company's stock.

AST SpaceMobile Company Profile

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.

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