NewEdge Advisors LLC Raises Holdings in AST SpaceMobile, Inc. $ASTS

NewEdge Advisors LLC increased its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,067 shares of the company's stock after acquiring an additional 19,231 shares during the quarter. NewEdge Advisors LLC's holdings in AST SpaceMobile were worth $10,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ASTS. AQR Capital Management LLC increased its stake in shares of AST SpaceMobile by 11.8% in the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company's stock worth $786,000 after buying an additional 3,642 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AST SpaceMobile by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company's stock valued at $1,814,000 after buying an additional 3,515 shares during the period. Millennium Management LLC grew its holdings in AST SpaceMobile by 16.1% in the 1st quarter. Millennium Management LLC now owns 467,626 shares of the company's stock worth $10,634,000 after acquiring an additional 64,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in AST SpaceMobile by 18.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company's stock worth $7,405,000 after acquiring an additional 49,811 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of AST SpaceMobile in the first quarter valued at about $168,000. 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 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

Insider Buying and Selling at AST SpaceMobile

In other news, Director Adriana Cisneros acquired 10,822 shares of AST SpaceMobile stock in a transaction on Monday, August 31st. The stock was acquired at an average cost of $57.22 per share, for a total transaction of $619,234.84. Following the purchase, the director owned 797,023 shares in the company, valued at $45,605,656.06. This trade represents 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. 20.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. 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. Scotiabank upgraded AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 price target on the stock in a report on Wednesday, July 29th. New Street Research set a $106.00 price target on AST SpaceMobile in a research report on Friday, May 29th. Cantor Fitzgerald increased their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AST SpaceMobile has an average rating of "Hold" and an average price target of $86.58.

AST SpaceMobile Price Performance

ASTS opened at $59.86 on Friday. The stock has a fifty day simple moving average of $64.58 and a two-hundred day simple moving average of $79.80. 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 company has a market cap of $23.30 billion, a price-to-earnings ratio of -27.97 and a beta of 2.74. AST SpaceMobile, Inc. has a 12-month low of $37.73 and a 12-month high of $133.86.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The firm had revenue of $31.52 million for the quarter, compared to analysts' expectations of $34.53 million. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. During the same period in the prior year, the business posted ($0.41) EPS. Research analysts predict that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

AST SpaceMobile 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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