Sanders Morris Harris LLC Makes New Investment in AST SpaceMobile, Inc. $ASTS

Key Points

• Sanders Morris Harris LLC initiated a position in AST SpaceMobile during the third quarter, purchasing 17,336 shares valued at approximately $1.02 million. Institutional investors collectively own about 60.95% of the company.
• ASTS shares fell 10.5% to $42.14, near their 52-week low, after the company reported a larger-than-expected quarterly loss of $0.77 per share and revenue below analysts’ estimates.
• Analyst sentiment remains mixed, with five Buy, seven Hold and two Sell ratings producing a consensus Hold rating and an average price target of $80.18; competition from SpaceX, regulatory approvals and the company’s continued losses remain key risks.

Sanders Morris Harris LLC purchased a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,336 shares of the company's stock, valued at approximately $1,020,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Lodestone Wealth Management LLC boosted its holdings in AST SpaceMobile by 39.3% during the third quarter. Lodestone Wealth Management LLC now owns 2,691 shares of the company's stock worth $158,000 after buying an additional 759 shares during the last quarter. Focus Financial Network Inc. grew its position in shares of AST SpaceMobile by 14.3% during the 3rd quarter. Focus Financial Network Inc. now owns 3,898 shares of the company's stock worth $229,000 after buying an additional 487 shares during the period. Salvus Wealth Management LLC increased its stake in shares of AST SpaceMobile by 0.4% in the 3rd quarter. Salvus Wealth Management LLC now owns 70,662 shares of the company's stock valued at $4,159,000 after acquiring an additional 263 shares during the last quarter. GK Wealth Management LLC bought a new stake in shares of AST SpaceMobile in the 3rd quarter valued at about $98,000. Finally, Cadent Capital Advisors LLC acquired a new stake in shares of AST SpaceMobile in the 3rd quarter valued at approximately $238,000. 60.95% of the stock is currently owned by institutional investors.

AST SpaceMobile Stock Down 10.5%

ASTS stock traded down $4.92 during mid-day trading on Wednesday, hitting $42.14. 27,110,811 shares of the company were exchanged, compared to its average volume of 16,775,984. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. The firm has a market cap of $16.40 billion, a P/E ratio of -19.69 and a beta of 2.72. The firm's 50 day simple moving average is $62.21 and its 200 day simple moving average is $74.99. AST SpaceMobile, Inc. has a 1-year low of $42.00 and a 1-year high of $133.86.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.77) earnings per share 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 company 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 firm posted ($0.41) EPS. On average, sell-side analysts predict that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

Insider Activity at AST SpaceMobile

In other news, Director Adriana Cisneros bought 10,822 shares of the stock in a transaction on Monday, August 31st. The stock was purchased at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the acquisition, the director owned 797,023 shares in the company, 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 link. Also, COO Shanti B. Gupta sold 12,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total value of $706,680.00. Following the transaction, the chief operating officer owned 462,980 shares of the company's stock, valued at approximately $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. 20.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ASTS shares. Cantor Fitzgerald lifted their price objective on shares of AST SpaceMobile from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada downgraded shares of AST SpaceMobile to a "sector perform" rating in a research note on Friday, October 2nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AST SpaceMobile in a research note on Monday, September 21st. 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. Finally, William Blair reissued a "market perform" rating on shares of AST SpaceMobile in a research note on Monday, October 5th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $80.18.

Key AST SpaceMobile News

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

• Positive Sentiment: Some analysts and market commentary argue that the selloff may be overdone. AST SpaceMobile remains focused on a satellite-to-smartphone network that works with ordinary mobile phones, and some views suggest it could retain a technology or execution lead over SpaceX for roughly six months. Why Wall Street says you should stop panicking and buy AST SpaceMobile stock
• Positive Sentiment: The company is pressing regulators ahead of the World Radiocommunication Conference to support satellite access to mobile spectrum bands. Potential access to Ligado spectrum could strengthen AST SpaceMobile’s network, although approvals and closing conditions remain outstanding. ASTS Stock Bounces Overnight: Vodafone Questions SpaceX’s Europe Push, AST Presses FCC On Spectrum
• Neutral Sentiment: Investors are awaiting milestones that could determine whether AST SpaceMobile’s large market opportunity translates into commercial service, including satellite launches, deployment timing, regulatory approvals and carrier execution. The company remains unprofitable and recently missed consensus estimates for both revenue and earnings.
• Negative Sentiment: Piper Sandler downgraded ASTS to Neutral and reduced its price target to $54, citing SpaceX’s expanding direct-to-cell ambitions. Analysts warned that SpaceX could delay AST SpaceMobile’s rollout and erode its competitive advantage. AST SpaceMobile Falls 8% as Piper Sandler Cuts Target to $54 on SpaceX Competition
• Negative Sentiment: Multiple law firms announced or promoted a securities class action alleging that AST SpaceMobile overstated its capital sufficiency and competitive position while raising roughly $3 billion through convertible notes, potentially diluting shareholders. The lead-plaintiff deadline is November 13, 2026. These are allegations, not established findings. AST SpaceMobile Class Action Announcement

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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