Piper Sandler Lowers AST SpaceMobile (NASDAQ:ASTS) Price Target to $98.00

Key Points

• Piper Sandler lowered AST SpaceMobile’s price target from $100 to $98 but maintained an “overweight” rating, implying approximately 42.5% upside from the reported $68.76 share price.
• Analyst sentiment remains mixed: ASTS has an average “Hold” rating and a consensus price target of $87.64, with four Buy, six Hold and two Sell ratings.
• AST SpaceMobile missed second-quarter expectations, reporting a $0.77-per-share loss and $31.52 million in revenue versus estimates of a $0.32 loss and $34.98 million in revenue. However, the company reaffirmed 2026 revenue guidance of $150 million to $200 million and continues expanding its satellite network.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) had its price objective dropped by stock analysts at Piper Sandler from $100.00 to $98.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price objective would indicate a potential upside of 42.52% from the stock's current price.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a "sell (d-)" rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. Cantor Fitzgerald lifted their target price on AST SpaceMobile from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday. B. Riley Financial upgraded 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. Deutsche Bank Aktiengesellschaft downgraded shares of AST SpaceMobile from a "buy" rating to a "hold" rating and decreased their price target for the stock from $117.00 to $106.00 in a research note on Friday, May 29th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $87.64.

AST SpaceMobile Trading Down 4.4%

Shares of ASTS opened at $68.76 on Tuesday. The firm's fifty day moving average is $75.22 and its two-hundred day moving average is $85.69. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. The stock has a market cap of $26.69 billion, a PE ratio of -38.63 and a beta of 2.76. AST SpaceMobile has a 52-week low of $36.08 and a 52-week high of $133.86.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its earnings results 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). AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The company had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.98 million. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. Research analysts forecast that AST SpaceMobile will post -1.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 45,809 shares of the company's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $93.81, for a total value of $4,297,342.29. Following the sale, the chief financial officer owned 503,619 shares of the company's stock, valued at approximately $47,244,498.39. This represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julio A. Torres sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the transaction, the director owned 43,239 shares of the company's stock, valued at $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 105,809 shares of company stock valued at $9,748,492 over the last quarter. Company insiders own 20.89% of the company's stock.

Institutional Trading of AST SpaceMobile

Several hedge funds and other institutional investors have recently bought and sold shares of ASTS. Grove Bank & Trust purchased a new stake in AST SpaceMobile in the 2nd quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its position in shares of AST SpaceMobile by 16,350.0% in the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock worth $27,000 after buying an additional 327 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of AST SpaceMobile during the 1st quarter valued at about $30,000. Finally, Advocate Investing Services LLC acquired a new position in AST SpaceMobile during the 1st quarter worth approximately $31,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

AST SpaceMobile News Roundup

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

• Positive Sentiment: AST SpaceMobile reaffirmed 2026 revenue guidance of $150 million to $200 million, broadly in line with Wall Street expectations. The company also has a reported backlog of approximately $1.2 billion to $1.3 billion and more than 60 mobile-network-operator partnerships, supporting the potential for significant future growth. AST SpaceMobile Raises Revenue Outlook as Satellite Network Expands
• Positive Sentiment: Management continues to advance its constellation, with a target of roughly 45 satellites in orbit by early 2027 and 10 launches booked. Progress in BlueBird satellite production and planned commercial service launches keeps the long-term growth narrative intact. ASTS Stock Drops After Hours on Q2 Revenue Miss
• Positive Sentiment: Cantor Fitzgerald raised its ASTS price target from $80 to $90 and maintained an “overweight” rating, arguing that the company can remain a strong equity story as its network and revenue opportunity develop. AST SpaceMobile Price Target Raised at Cantor Fitzgerald
• Neutral Sentiment: Shares moved higher after an initial decline, indicating that some investors viewed the guidance, backlog and launch plans as more important than the quarterly miss. Broader market concerns about inflation and geopolitical risks may continue to add volatility. AST SpaceMobile Stock Reverses Higher Despite Missing Estimates
• Negative Sentiment: Second-quarter revenue was $31.5 million, below the roughly $35.0 million consensus estimate, while the company posted a substantially wider-than-expected loss. Reported losses also increased from the prior-year period, reinforcing concerns about execution and profitability. AST SpaceMobile Reports Q2 Loss and Revenue Miss
• Negative Sentiment: Commercial SpaceMobile service revenue has not yet begun, and the company continues to consume substantial cash while funding satellite production, launches and network deployment. Investors therefore remain focused on launch execution, the timing of service revenue and the risk of additional financing.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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