AST SpaceMobile, Inc. $ASTS Shares Purchased by National Pension Service

Key Points

• National Pension Service increased its AST SpaceMobile stake by 90.8% in the second quarter, holding 24,235 shares valued at approximately $2.15 million. Institutional investors collectively own 60.95% of the company.
• AST SpaceMobile reported quarterly revenue of $31.52 million, below analyst expectations of $34.53 million, while its loss of $0.77 per share significantly missed estimates of $0.32. The company continues to operate with substantial net losses.
• Analyst sentiment remains mixed, with six Buy, five Hold and two Sell ratings, producing a consensus rating of Hold and an average price target of $86.58.

National Pension Service lifted its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 90.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,235 shares of the company's stock after acquiring an additional 11,536 shares during the period. National Pension Service's holdings in AST SpaceMobile were worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Financial Management LLC bought a new stake in AST SpaceMobile during the second quarter worth approximately $26,000. Grove Bank & Trust bought a new position in AST SpaceMobile during the second quarter valued at about $27,000. Continuum Advisory LLC acquired a new position in AST SpaceMobile during the second quarter worth about $28,000. Cornerstone Planning Group LLC raised its position in AST SpaceMobile by 16,350.0% in the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock worth $27,000 after acquiring an additional 327 shares in the last quarter. Finally, Portus Wealth Advisors LLC bought a new stake in AST SpaceMobile in the first quarter worth about $30,000. 60.95% of the stock is currently owned by institutional investors.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile is seeking to extend its 30-day FCC testing window for satellite operations in the 800 MHz band. The request, along with backing for a separate spectrum application from the Space Development Agency, highlights growing U.S. defense and government interest in satellite connectivity. AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
• Positive Sentiment: A bullish investment case points to second-quarter revenue of approximately $31.5 million, up sharply from $1.2 million a year earlier, and a contracted revenue backlog of roughly $1.3 billion from commercial and government customers. This supports expectations for substantial revenue growth through 2028, although execution remains important. Prediction: AST SpaceMobile Triples Its Revenue Again by 2028
• Positive Sentiment: A new government task force targeting 10,000 annual space operations by 2035 could benefit the broader space industry through faster approvals, additional spaceports and improved airspace integration. The impact on ASTS is indirect but could improve the operating environment for satellite and launch companies. New Trump Task Force Targets 10,000 Annual Space Operations By 2035
• Neutral Sentiment: Technical commentary describes ASTS as effectively range-bound, while suggesting the shares could offer a short-term trading opportunity. This is a trading view rather than a change in the company’s fundamentals. Deadlocked AST SpaceMobile Stock Still Has a Shot as a Quick Scalp
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short-interest ratio, but the figures include an invalid “NaN” change and appear unreliable, offering little usable insight into trading pressure.
• Negative Sentiment: Comparisons with Jabil favor Jabil because of its lower valuation, more predictable estimates and expected earnings growth. Other analysis also suggests Rocket Lab may currently be the more suitable diversified portfolio choice, weighing on ASTS’s relative appeal. AST SpaceMobile vs. Jabil: Which Connectivity Stock Is a Better Buy?
• Negative Sentiment: AST SpaceMobile’s latest results missed expectations, including a wider-than-expected loss and slightly weaker revenue. The combination of ongoing losses, a high valuation and conflicting analyst sentiment helps explain the stock’s recent decline. Rocket Lab vs. AST SpaceMobile: Chase the Better SpaceX Disruptor

Analyst Ratings Changes

ASTS has been the subject of several research reports. Piper Sandler reduced their price objective 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. New Street Research set a $106.00 target price on shares of AST SpaceMobile in a report on Friday, May 29th. William Blair reaffirmed a "market perform" rating on shares of AST SpaceMobile in a report on Friday, May 29th. Berenberg Bank initiated coverage on AST SpaceMobile in a research report on Wednesday, September 2nd. They set a "buy" rating and a $92.00 price objective for the company. Finally, Scotiabank upgraded AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 target price on the stock in a report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.58.

AST SpaceMobile Stock Performance

Shares of ASTS opened at $59.86 on Monday. The company has a 50-day moving average of $64.58 and a two-hundred day moving average of $79.77. The stock has a market cap of $23.30 billion, a price-to-earnings ratio of -27.97 and a beta of 2.74. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. AST SpaceMobile, Inc. has a one year low of $37.73 and a one year 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). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The firm had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. During the same quarter in the prior year, the firm earned ($0.41) EPS. On average, equities research analysts expect that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current year.

Insider Activity

In other AST SpaceMobile news, Director Adriana Cisneros bought 10,822 shares of AST SpaceMobile stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the acquisition, the director directly owned 797,023 shares of the company's stock, valued at approximately $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.89% of the stock is owned by insiders.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard, unmodified mobile phones directly to satellites. Its planned service is intended to extend mobile connectivity beyond the coverage of traditional terrestrial wireless networks, including in rural, remote and underserved areas.

The company's primary technology platform consists of large, low-Earth-orbit satellites known as BlueBirds. AST SpaceMobile is developing these satellites to provide voice, messaging and broadband data services through partnerships with mobile network operators, using existing cellular devices and spectrum where permitted.

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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