15,700 Shares in AST SpaceMobile, Inc. $ASTS Bought by REX Advisers LLC

Key Points

• REX Advisers LLC purchased 15,700 AST SpaceMobile shares worth approximately $933,000, making ASTS its eighth-largest holding and 4.1% of its portfolio. Institutional investors collectively own 60.95% of the company.
• ASTS traded at $56.93, down $3.72, and remains highly volatile, with a 52-week range of $49.31 to $133.86. The company missed quarterly earnings and revenue estimates, reporting a loss of $0.77 per share and $31.52 million in revenue.
• Analysts have a consensus “Hold” rating and an average price target of $84.58, while investors continue to weigh the company’s satellite connectivity progress against launch delays, cash needs, competition and elevated short interest.

REX Advisers LLC purchased a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,700 shares of the company's stock, valued at approximately $933,000. AST SpaceMobile makes up about 4.1% of REX Advisers LLC's investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASTS. Byrne Asset Management LLC raised its stake in AST SpaceMobile by 17.0% during the third quarter. Byrne Asset Management LLC now owns 1,170 shares of the company's stock valued at $67,000 after buying an additional 170 shares during the last quarter. CX Institutional grew its stake in shares of AST SpaceMobile by 1,256.1% in the third quarter. CX Institutional now owns 556 shares of the company's stock worth $33,000 after acquiring an additional 515 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of AST SpaceMobile by 11.6% during the second quarter. QRG Capital Management Inc. now owns 8,496 shares of the company's stock valued at $755,000 after acquiring an additional 886 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of AST SpaceMobile by 21.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,309 shares of the company's stock worth $472,000 after purchasing an additional 920 shares during the last quarter. Finally, Tidal Investments LLC raised its position in shares of AST SpaceMobile by 9,876.8% in the 2nd quarter. Tidal Investments LLC now owns 1,049,061 shares of the company's stock worth $93,220,000 after purchasing an additional 1,038,546 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

AST SpaceMobile Stock Performance

NASDAQ:ASTS traded down $3.72 during trading hours on Thursday, reaching $56.93. The company had a trading volume of 18,715,237 shares, compared to its average volume of 16,465,922. The firm has a market cap of $22.16 billion, a price-to-earnings ratio of -26.60 and a beta of 2.72. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24. The firm's 50 day moving average price is $63.10 and its 200-day moving average price is $76.08. AST SpaceMobile, Inc. has a 52 week low of $49.31 and a 52 week high of $133.86.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released 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 firm had revenue of $31.52 million during 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 last year, the business earned ($0.41) earnings per share. On average, analysts forecast that AST SpaceMobile, Inc. will post -1.95 EPS for the current year.

Analyst Ratings Changes

ASTS has been the subject of a number of analyst reports. UBS Group assumed coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft set a $93.00 price target on shares of AST SpaceMobile in a report on Wednesday, August 12th. Piper Sandler reduced their price target on shares of AST SpaceMobile from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, August 11th. William Blair restated a "market perform" rating on shares of AST SpaceMobile in a report on Monday. Finally, Scotiabank raised AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 price objective on the stock in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, AST SpaceMobile currently has a consensus rating of "Hold" and a consensus price target of $84.58.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, Director Adriana Cisneros purchased 10,822 shares of AST SpaceMobile stock in a transaction dated Monday, August 31st. The stock was purchased at an average price of $57.22 per share, with a total value of $619,234.84. Following the transaction, the director directly owned 797,023 shares of the company's stock, valued at $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shanti Gupta sold 12,000 shares of the stock in a transaction that occurred 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 owned 462,980 shares in the company, valued at $27,264,892.20. This trade represents a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 20.89% of the company's stock.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile and TELUS completed a direct-to-smartphone satellite connectivity test in Canada using standard mobile devices. The demonstration supports ASTS’s commercial model of extending cellular coverage without specialized user equipment. AST SpaceMobile completed its first direct satellite-to-smartphone test in Canada
• Positive Sentiment: ASTS has received attention from a U.S.-Japan technology initiative and maintains carrier and launch relationships that could support future deployment. Some analysts remain bullish, with reported price targets well above the current trading range, although those forecasts depend on successful launches and customer adoption. AST SpaceMobile received U.S.-Japan backing
• Neutral Sentiment: Clear Street described the FCC’s October 29 agenda as mixed for ASTS: proposed actions may benefit its carrier partnerships, but a narrower auction-related risk remains. The firm kept a Buy rating. Clear Street calls FCC meeting agenda mixed for AST SpaceMobile
• Negative Sentiment: A satellite rival’s regulatory clearance intensified competitive concerns, particularly because ASTS relies on wireless-carrier partnerships to distribute its service. The broader space-stock weakness added to the pressure.
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who purchased ASTS securities from March 4, 2025, through July 15, 2026. The complaints allege inadequate disclosure of slow adoption risks in the U.S. and Japan and dilution following three $1 billion convertible-note offerings. Investors have until November 13, 2026, to seek lead-plaintiff status. ASTS shareholder class action alert
• Negative Sentiment: Investor concerns also center on execution and capital needs: ASTS has faced launch delays or failures, repeated earnings misses and expectations for roughly $3.2 billion of cash burn before 2029. Short interest was reported at approximately 21.84% of the public float, underscoring elevated skepticism and volatility. AST SpaceMobile short interest report

About AST SpaceMobile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard mobile phones directly to satellites without requiring specialized satellite phones or equipment. The company's objective is to extend mobile connectivity to areas that lack reliable terrestrial cellular coverage, including remote and underserved regions.

Its system is built around the planned SpaceMobile satellite constellation, including BlueBird satellites equipped with large communications arrays.

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