AST SpaceMobile, Inc. $ASTS Position Trimmed by World Equity Group Inc.

Key Points

• World Equity Group cut its AST SpaceMobile stake by 79.1% in the second quarter, selling 13,273 shares and retaining 3,497 shares valued at approximately $311,000. Hedge funds and other institutional investors still own 60.95% of the company.
• AST SpaceMobile’s second-quarter results missed expectations for the sixth consecutive quarter, with revenue of $31.5 million and an adjusted loss of $0.77 per share. Higher spending increased cash-burn and execution risks, although management reaffirmed 2026 revenue guidance of $150 million to $200 million and cited a $1.2 billion-$1.3 billion backlog.
• Analyst sentiment remains mixed but generally supportive, with Cantor Fitzgerald raising its price target to $90 and Piper Sandler maintaining an overweight rating with a $98 target. The broader analyst consensus is Hold, with an average price target of $87.42.

World Equity Group Inc. decreased its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 79.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,497 shares of the company's stock after selling 13,273 shares during the period. World Equity Group Inc.'s holdings in AST SpaceMobile were worth $311,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ASTS. Laurel Wealth Advisors LLC purchased a new position in AST SpaceMobile during the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its stake in AST SpaceMobile by 16,350.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock valued at $27,000 after buying an additional 327 shares during the period. Grove Bank & Trust purchased a new stake in AST SpaceMobile in the 2nd quarter worth approximately $27,000. Acumen Wealth Advisors LLC purchased a new stake in AST SpaceMobile in the 4th quarter worth approximately $29,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of AST SpaceMobile during the 3rd quarter valued at $29,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: Management reaffirmed 2026 revenue guidance of $150 million to $200 million, roughly consistent with Wall Street expectations. The company also said it is targeting approximately 45 BlueBird satellites in orbit by early 2027, supporting a planned beta service rollout. ASTS Q2 Earnings Call Puts Beta Rollout and Government Growth in Focus
• Positive Sentiment: AST SpaceMobile highlighted a revenue backlog of approximately $1.2 billion to $1.3 billion, more than 60 mobile-network-operator relationships, a $1 billion government-related award, and continued satellite production and launches. These developments strengthen the longer-term revenue opportunity despite service revenue not yet beginning. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Positive Sentiment: Analyst sentiment remained supportive. Cantor Fitzgerald raised its price target to $90 from $80 while maintaining an overweight rating, and Piper Sandler retained overweight with a $98 target despite trimming it from $100. AST SpaceMobile Price Target Raised at Cantor Fitzgerald
• Neutral Sentiment: Technical and sector momentum provided additional support: ASTS held firm after earnings while space-related stocks, including Voyager Technologies, attracted investor interest. However, the stock remains highly volatile and below its 50-day and 200-day moving averages.
• Negative Sentiment: Second-quarter results missed estimates for the sixth consecutive quarter. Revenue was $31.5 million versus roughly $35 million expected, while the adjusted loss was $0.77 per share versus estimates near $0.26-$0.32. Higher capital spending and operating costs drove the wider loss, underscoring substantial cash-burn and execution risks. AST SpaceMobile Second Quarter Earnings Fall Short of Estimates

AST SpaceMobile Trading Up 4.2%

Shares of NASDAQ:ASTS opened at $71.63 on Wednesday. The stock has a market capitalization of $27.80 billion, a PE ratio of -33.47 and a beta of 2.75. AST SpaceMobile, Inc. has a 1 year low of $36.08 and a 1 year high of $133.86. The firm has a fifty day moving average price of $74.29 and a 200 day moving average price of $85.47. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 23.32%. The company had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.53 million. During the same quarter last year, the business earned ($0.41) earnings per share. Analysts expect that AST SpaceMobile, Inc. will post -1.38 EPS for the current fiscal year.

Insider Activity

In related news, CTO Huiwen Yao sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $96.37, for a total value of $3,854,800.00. Following the transaction, the chief technology officer directly owned 34,750 shares of the company's stock, valued at approximately $3,348,857.50. This trade represents a 53.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Martin Johnson sold 45,809 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 503,619 shares of the company's stock, valued at approximately $47,244,498.39. This trade represents a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 90,809 shares of company stock valued at $8,603,392. 20.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ASTS shares. Deutsche Bank Aktiengesellschaft cut shares of AST SpaceMobile from a "buy" rating to a "hold" rating and lowered their price target for the company from $117.00 to $106.00 in a report on Friday, May 29th. B. Riley Financial upgraded AST SpaceMobile from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Friday, July 17th. Wall Street Zen cut AST SpaceMobile from a "sell" rating to a "strong sell" rating in a research report on Wednesday, April 15th. New Street Research set a $106.00 target price on AST SpaceMobile in a research note on Friday, May 29th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of AST SpaceMobile in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $87.42.

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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