14,392 AST SpaceMobile, Inc. $ASTS Shares Acquired by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its AST SpaceMobile position by 38.8%, acquiring 14,392 shares to own 51,462 shares valued at approximately $3.03 million. Institutional investors collectively hold 60.95% of the company.
• ASTS shares opened at $42.30, well below their 52-week high of $133.86, while the company reported a larger-than-expected quarterly loss of $0.77 per share and revenue below analyst estimates.
• Growth prospects are being balanced by significant risks: Brazil’s regulatory approval and improving analyst sentiment support the commercial outlook, but competition from SpaceX and Amazon, launch delays, cash-burn concerns, insider selling and legal allegations remain key headwinds. Wall Street’s consensus rating is “Hold,” with an average price target of $80.67.

Apollon Wealth Management LLC lifted its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 38.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,462 shares of the company's stock after buying an additional 14,392 shares during the quarter. Apollon Wealth Management LLC's holdings in AST SpaceMobile were worth $3,029,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Hollencrest Capital Management increased its position in AST SpaceMobile by 11.7% during the 1st quarter. Hollencrest Capital Management now owns 1,592 shares of the company's stock valued at $132,000 after purchasing an additional 167 shares during the period. Byrne Asset Management LLC raised its stake in AST SpaceMobile by 17.0% in the third quarter. Byrne Asset Management LLC now owns 1,170 shares of the company's stock worth $67,000 after buying an additional 170 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in AST SpaceMobile by 15.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company's stock worth $121,000 after buying an additional 188 shares in the last quarter. Salvus Wealth Management LLC lifted its holdings in AST SpaceMobile by 0.4% during the third quarter. Salvus Wealth Management LLC now owns 70,662 shares of the company's stock worth $4,159,000 after buying an additional 263 shares during the period. Finally, Compass Financial Management LLC bought a new stake in AST SpaceMobile during the 2nd quarter valued at $26,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

AST SpaceMobile Trading Up 0.8%

Shares of NASDAQ:ASTS opened at $42.30 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. The firm has a market capitalization of $16.46 billion, a P/E ratio of -19.77 and a beta of 2.72. The business's 50-day moving average is $55.97 and its 200 day moving average is $78.30. AST SpaceMobile, Inc. has a 1 year low of $36.72 and a 1 year high of $133.86.

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 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 analysts' expectations of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same quarter in the previous year, the firm posted ($0.41) EPS. On average, research analysts predict that AST SpaceMobile, Inc. will post -1.91 earnings per share for the current fiscal year.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: Brazilian regulatory approval expands ASTS’s commercial opportunity. AST SpaceMobile secured spectrum access in Brazil and signed agreements with regional operators to provide satellite-based calls, internet and video directly to standard smartphones in underserved areas. AST SpaceMobile Wins Brazil Spectrum Approval, Signs Deals With Regional Operators
• Positive Sentiment: BlackRock disclosed a sizable ASTS position. The asset manager reported a 5.4% stake, totaling about 16.1 million shares as of September 30. The disclosure may provide some investor confidence after the stock’s recent selloff, although it does not guarantee future support. ASTS Stock Logs Best Day In Nearly a Month — BlackRock’s Stake Takes Spotlight
• Positive Sentiment: Analyst sentiment has improved. Scotiabank upgraded AST SpaceMobile to Sector Outperform, while commentary suggested that Blue Origin’s New Glenn could improve launch capacity and support ASTS’s satellite deployment plans.
• Neutral Sentiment: Investors are comparing ASTS’s high-growth satellite model with Verizon’s more established business. The comparison highlights ASTS’s larger potential market but also its substantially greater execution, funding and valuation risks. VZ vs. ASTS: Which Telecom Stock Has the Stronger Investment Case?
• Negative Sentiment: Several law firms publicized the same securities class action against ASTS. The allegations include inadequate disclosures about capital and liquidity, competitive advantages and shareholder dilution from roughly $3 billion of convertible-note offerings. The lead-plaintiff deadline is generally November 13, 2026. These are allegations, not findings of liability, but the publicity adds legal and reputational pressure. Investor Alert: AST SpaceMobile Class Action Deadline
• Negative Sentiment: Competition and execution risks remain significant. The FCC cleared Amazon’s $11.5 billion Globalstar transaction, potentially strengthening a rival satellite-connectivity platform, while reports cited SpaceX competition and launch delays. ASTS also recently missed quarterly earnings and revenue expectations, reinforcing concerns about cash burn and the path to commercial profitability.

Insiders Place Their Bets

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the firm's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total value of $2,357,200.00. Following the completion of the transaction, the chief technology officer owned 34,750 shares of the company's stock, valued at approximately $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Shanti B. Gupta sold 12,000 shares of the firm's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. 20.89% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASTS. UBS Group assumed coverage on AST SpaceMobile in a report on Wednesday, September 2nd. They issued a "buy" rating on the stock. B. Riley Financial lowered AST SpaceMobile from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $85.00 to $65.00 in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft upgraded AST SpaceMobile from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a research note on Monday, October 12th. Royal Bank Of Canada downgraded AST SpaceMobile to a "sector perform" rating in a research report on Friday, October 2nd. Finally, Cantor Fitzgerald increased their price target on shares of AST SpaceMobile from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, AST SpaceMobile presently has a consensus rating of "Hold" and a consensus price target of $80.67.

About AST SpaceMobile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.

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