Tema ETFs LLC Has $89.20 Million Stock Holdings in AST SpaceMobile, Inc. $ASTS

Key Points

• Tema ETFs increased its AST SpaceMobile position by 109,486.8% in the second quarter, purchasing more than 1 million shares. The stake was worth approximately $89.2 million and represented 2.9% of the firm’s portfolio.
• AST SpaceMobile reaffirmed its 2026 revenue outlook of $150 million–$200 million and cited a $1.2 billion–$1.3 billion backlog, more than 60 mobile-network-operator relationships and plans for about 45 BlueBird satellites in orbit by early 2027.
• Despite supportive analyst targets, the company reported a sixth consecutive quarterly earnings miss, with revenue of $31.5 million and an adjusted loss of $0.77 per share. Higher spending, significant cash burn and continued stock volatility highlight execution risks.

Tema ETFs LLC lifted its holdings in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 109,486.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,003,815 shares of the company's stock after purchasing an additional 1,002,899 shares during the quarter. AST SpaceMobile accounts for 2.9% of Tema ETFs LLC's holdings, making the stock its 3rd largest position. Tema ETFs LLC owned 0.26% of AST SpaceMobile worth $89,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASTS. Grove Bank & Trust acquired a new stake in AST SpaceMobile during the second quarter worth approximately $27,000. Cornerstone Planning Group LLC increased its stake in AST SpaceMobile by 16,350.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock worth $27,000 after acquiring an additional 327 shares during the period. Laurel Wealth Advisors LLC acquired a new position in AST SpaceMobile in the 4th quarter valued at $25,000. Portus Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile during the 1st quarter valued at $30,000. Finally, Advocate Investing Services LLC bought a new stake in shares of AST SpaceMobile during the 1st quarter valued at $31,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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 ASTS opened at $71.63 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. AST SpaceMobile, Inc. has a 52-week low of $36.08 and a 52-week high of $133.86. The firm has a market cap of $27.80 billion, a price-to-earnings ratio of -33.47 and a beta of 2.75. The business's fifty day moving average is $74.29 and its 200-day moving average is $85.47.

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 for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The business had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.53 million. AST SpaceMobile had a negative return on equity of 23.32% and a negative net margin of 536.66%.During the same quarter in the prior year, the company earned ($0.41) earnings per share. Equities analysts anticipate that AST SpaceMobile, Inc. will post -1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. William Blair reissued a "market perform" rating on shares of AST SpaceMobile in a report on Friday, May 29th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft downgraded shares of AST SpaceMobile from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $117.00 to $106.00 in a research note on Friday, May 29th. New Street Research set a $106.00 target price on shares of AST SpaceMobile in a report on Friday, May 29th. Finally, Roth Capital restated a "buy" rating and issued a $108.00 target price on shares of AST SpaceMobile in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, AST SpaceMobile has an average rating of "Hold" and an average price target of $87.42.

Insider Buying and Selling

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief technology officer directly owned 34,750 shares in the company, valued at approximately $3,348,857.50. This trade represents a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders sold 90,809 shares of company stock worth $8,603,392 in the last 90 days. Company insiders own 20.89% of the company's stock.

AST SpaceMobile Company Profile

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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