Werlinich Asset Management LLC Makes New Investment in AST SpaceMobile, Inc. $ASTS

Key Points

• Werlinich Asset Management initiated a position in AST SpaceMobile during the second quarter, purchasing 8,850 shares valued at approximately $786,000. Institutional investors collectively own 60.95% of the company.
• Analyst sentiment is mixed but generally optimistic, with a consensus rating of Hold and an average price target of $86.58; several firms recently maintained or raised Buy-rated targets.
• AST SpaceMobile faces execution and financial risks, including a delay in its 45-satellite target to early 2027 and a quarterly loss and revenue miss versus expectations. Regulatory progress, carrier partnerships and insider buying remain potential catalysts.

Werlinich Asset Management LLC purchased a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,850 shares of the company's stock, valued at approximately $786,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vodafone Ventures Ltd bought a new stake in AST SpaceMobile in the 4th quarter worth about $397,413,000. Norges Bank bought a new position in AST SpaceMobile during the 4th quarter valued at about $198,270,000. Morgan Stanley lifted its stake in AST SpaceMobile by 44.0% during the 4th quarter. Morgan Stanley now owns 4,661,551 shares of the company's stock valued at $338,569,000 after acquiring an additional 1,425,199 shares during the period. Focus Partners Wealth boosted its holdings in shares of AST SpaceMobile by 8,016.7% during the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company's stock valued at $92,000,000 after acquiring an additional 1,253,967 shares during the last quarter. Finally, Tema ETFs LLC boosted its holdings in shares of AST SpaceMobile by 109,486.8% during the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company's stock valued at $89,199,000 after acquiring an additional 1,002,899 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: Berenberg initiated coverage of AST SpaceMobile (ASTS) with a Buy rating and a $92 price target, implying substantial upside from recent levels. The firm’s broader space-sector coverage reflects growing institutional interest in satellite communications and orbital infrastructure. Berenberg initiates coverage of AST SpaceMobile
• Positive Sentiment: Director Adriana Cisneros purchased 10,822 ASTS shares for approximately $619,235 at an average price of $57.22, increasing her holdings to 797,023 shares. The open-market purchase may reassure investors about insider confidence in the company’s long-term prospects. AST SpaceMobile insider purchase
• Positive Sentiment: Regulatory progress remains a potential catalyst: the FCC authorized testing of 800 MHz connectivity, while Japan’s Radio Regulatory Council endorsed a 700 MHz framework for Rakuten and AST SpaceMobile’s network. Carrier partnerships and the planned US Mobile service launch could support future commercialization. FCC progress and BlueBird satellite outlook
• Neutral Sentiment: Seeking Alpha maintained a bullish view, arguing that the recent selloff has gone too far and that AST SpaceMobile could target approximately $1 billion in first-year commercial revenue. However, that outlook depends on deploying 45 BlueBird satellites and meeting ambitious 2027 operating targets. AST SpaceMobile selloff analysis
• Negative Sentiment: AST SpaceMobile moved its target for 45 satellites from late 2026 to early 2027. The delay raises concerns about manufacturing execution, launch timing and the company’s ability to begin commercial revenue on schedule. AST SpaceMobile commercial launch delay
• Negative Sentiment: The company’s latest quarterly results missed expectations: an adjusted loss of $0.77 per share versus an expected loss of $0.32, and revenue of $31.52 million versus $34.53 million expected. Heavy cash burn, possible dilution and prior insider-selling concerns continue to pressure the valuation. AST SpaceMobile financial concerns
• Negative Sentiment: Kessler Topaz Meltzer & Check is investigating potential federal securities-law violations involving ASTS. The announcement does not establish wrongdoing, but it adds headline and litigation risk after the stock’s steep decline since May. AST SpaceMobile investigation alert

Wall Street Analysts Forecast Growth

ASTS has been the subject of several research reports. Cantor Fitzgerald boosted their price objective on shares of AST SpaceMobile from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Piper Sandler cut their target price 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. Roth Capital reiterated a "buy" rating and set a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. B. Riley Financial raised AST SpaceMobile from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Friday, July 17th. Finally, New Street Research set a $106.00 price target on AST SpaceMobile in a research note on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, AST SpaceMobile presently has an average rating of "Hold" and a consensus price target of $86.58.

Insider Buying and Selling at AST SpaceMobile

In related news, Director Adriana Cisneros purchased 10,822 shares of the business's stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $57.22 per share, with a total value of $619,234.84. Following the completion of the acquisition, the director 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew Johnson sold 45,809 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $93.81, for a total value of $4,297,342.29. Following the sale, the chief financial officer directly owned 503,619 shares of the company's stock, valued at $47,244,498.39. This represents a 8.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 20.89% of the company's stock.

AST SpaceMobile Price Performance

Shares of NASDAQ:ASTS opened at $62.13 on Friday. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $24.18 billion, a PE ratio of -29.03 and a beta of 2.74. The firm's 50 day moving average price is $67.19 and its 200-day moving average price is $80.67. AST SpaceMobile, Inc. has a twelve month low of $36.08 and a twelve month high of $133.86.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.45). The business 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 company posted ($0.41) earnings per share. Equities research analysts expect that AST SpaceMobile, Inc. will post -1.95 EPS for the current year.

AST SpaceMobile 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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