Axxcess Wealth Management LLC Makes New Investment in AST SpaceMobile, Inc. $ASTS

Key Points

• Axxcess Wealth Management initiated a position in AST SpaceMobile during the third quarter, purchasing 67,939 shares valued at approximately $4.0 million. Institutional investors collectively own 60.95% of the company.
• AST SpaceMobile reported a quarterly loss of $0.77 per share, missing estimates by $0.45, while revenue of $31.52 million also fell short of expectations. The company remains unprofitable, with analysts forecasting a full-year loss of $1.92 per share.
• The stock faces significant risks, including competition from Starlink, financing needs, analyst target cuts and securities litigation. Despite potential satellite broadband coverage in several countries by the end of 2026, analysts’ consensus rating is Hold, with an average price target of $80.18.

Axxcess Wealth Management LLC purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 67,939 shares of the company's stock, valued at approximately $3,999,000.

Several other hedge funds have also bought and sold shares of the stock. Hollencrest Capital Management boosted its stake in AST SpaceMobile by 11.7% during the first quarter. Hollencrest Capital Management now owns 1,592 shares of the company's stock valued at $132,000 after buying an additional 167 shares during the last quarter. Byrne Asset Management LLC increased its stake in AST SpaceMobile by 17.0% in the 3rd quarter. Byrne Asset Management LLC now owns 1,170 shares of the company's stock worth $67,000 after acquiring an additional 170 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in AST SpaceMobile by 15.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company's stock worth $121,000 after acquiring an additional 188 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in AST SpaceMobile by 72.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 465 shares of the company's stock worth $39,000 after acquiring an additional 195 shares during the last quarter. Finally, Salvus Wealth Management LLC raised its holdings in shares of AST SpaceMobile by 0.4% during the 3rd quarter. Salvus Wealth Management LLC now owns 70,662 shares of the company's stock worth $4,159,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile is reportedly targeting initial, intermittent satellite broadband coverage in parts of the United States, Canada, Japan, the United Kingdom and Saudi Arabia by the end of 2026. The potential expansion supports the company’s long-term direct-to-cell growth story. AST SpaceMobile Targets Initial Satellite Broadband Coverage in Five Countries by End of 2026
• Neutral Sentiment: Space-industry stocks broadly sold off during a risk-off move in high-growth technology shares, making the decline partly sector-driven rather than specific to AST SpaceMobile. Space Stocks Fall as Tech Selloff Hits High-Flying Names
• Negative Sentiment: Multiple law firms publicized a securities class action involving investors who purchased ASTS shares from March 4, 2025, through July 15, 2026. The allegations reportedly concern disclosures about the company’s funding position and competitive outlook; investors face a November 13, 2026 lead-plaintiff deadline. The legal notices increase headline and potential financial risk, although the allegations have not been proven. Pomerantz Class Action Announcement
• Negative Sentiment: Analyst actions have added pressure: UBS reportedly reduced its price target to $43 from $62, while Scotiabank maintained a Sell rating with a $45.60 target. Concerns include competition from Starlink, slow adoption and AST SpaceMobile’s need for substantial financing. Analyst Target Cuts and Class Action Notice

AST SpaceMobile Stock Performance

AST SpaceMobile stock opened at $38.77 on Friday. 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 1-year low of $37.80 and a 1-year high of $133.86. The firm has a market capitalization of $15.09 billion, a P/E ratio of -18.12 and a beta of 2.72. The company's 50-day moving average is $58.13 and its 200 day moving average is $72.86.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. The firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.53 million. During the same period in the previous year, the business earned ($0.41) EPS. Research analysts forecast that AST SpaceMobile, Inc. will post -1.92 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ASTS. Royal Bank Of Canada downgraded shares of AST SpaceMobile to a "sector perform" rating in a research note on Friday, October 2nd. Berenberg Bank began coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a "buy" rating and a $92.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded shares of AST SpaceMobile from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a report on Monday, October 12th. Weiss Ratings restated a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Finally, William Blair restated a "market perform" rating on shares of AST SpaceMobile in a research report on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $80.18.

Insider Buying and Selling

In other AST SpaceMobile news, Director Adriana Cisneros acquired 10,822 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average cost of $57.22 per share, with a total value of $619,234.84. Following the completion of the purchase, the director directly owned 797,023 shares in the company, valued at $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the transaction, the chief technology officer owned 34,750 shares in the company, valued at approximately $2,047,817.50. The trade was a 53.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.89% of the stock is owned by insiders.

AST SpaceMobile Company Profile

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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