AST SpaceMobile (NASDAQ:ASTS) Shares Gap Up After Analyst Upgrade

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares gapped up before the market opened on Monday after Deutsche Bank Aktiengesellschaft upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $50.97, but opened at $53.26. Deutsche Bank Aktiengesellschaft now has a $93.00 price target on the stock. AST SpaceMobile shares last traded at $53.1950, with a volume of 6,535,171 shares traded.

ASTS has been the subject of a number of other reports. Cantor Fitzgerald lifted their price target on shares of AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada downgraded AST SpaceMobile to a “sector perform” rating in a research report on Friday, October 2nd. Berenberg Bank assumed coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price objective on the stock. UBS Group assumed coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating on the stock. Finally, Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price objective for the company in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $84.58.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the sale, the chief technology officer directly owned 34,750 shares in the company, valued at $2,047,817.50. This represents a 53.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros acquired 10,822 shares of AST SpaceMobile stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the purchase, the director directly owned 797,023 shares of the company’s stock, valued at approximately $45,605,656.06. This represents a 1.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 20.89% of the stock is owned by insiders.

More AST SpaceMobile News

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

• Positive Sentiment: Deutsche Bank upgraded ASTS to Buy and maintained a $93 price target. Analyst Bryan Kraft argued that the recent selloff was excessive and that AST’s spectrum assets alone could support much of the company’s enterprise value. The target represents substantial potential upside from recent levels. AST SpaceMobile Stock Rallying After Much-Needed Upgrade
• Positive Sentiment: SpaceX’s spectrum purchase may improve AST SpaceMobile’s strategic position. Deutsche Bank said the development could validate the direct-to-device market and make AST’s spectrum and carrier partnerships more attractive to wireless operators, countering fears that SpaceX would overwhelm AST competitively. Why SpaceX’s Spectrum Purchase Is Good for AST SpaceMobile Stock
• Positive Sentiment: Three additional BlueBird satellites arrived at Cape Canaveral ahead of launch. The shipment represents continued progress toward building the constellation required for broader service coverage and eventual recurring commercial revenue. AST SpaceMobile Rallies as BlueBird Satellites Reach Cape Canaveral
• Positive Sentiment: The FCC authorized a 30-day radiolocation test for AST in the 902–928 MHz band across the contiguous United States and Hawaii, providing another step toward testing its satellite capabilities. ASTS Stock Rises Overnight on BlueBird and FCC Test News
• Neutral Sentiment: Analysts collectively maintain a “Hold” rating, although the reported consensus target of approximately $84.58 remains above the current trading range. AST SpaceMobile Consensus Target Price
• Negative Sentiment: AST SpaceMobile continues to face substantial execution and financial risks. Analysts highlight mounting losses, high operating costs, launch risk and the absence of recurring commercial revenue while the company builds its constellation. ASTS Bottom Line Plummets
• Negative Sentiment: Several law firms publicized a securities-fraud class-action deadline of November 13, alleging that financing disclosures understated potential dilution. These are allegations, not a court finding, but the publicity adds reputational and legal overhang. AST SpaceMobile Investor Lawsuit Alert
• Negative Sentiment: SpaceX’s regulatory approval for direct-to-phone service remains a competitive threat, potentially challenging AST’s carrier-partnered business model and long-term market share. AST SpaceMobile Faces Questions After FCC Satellite Ruling

Institutional Trading of AST SpaceMobile

A number of institutional investors and hedge funds have recently made changes to their positions in ASTS. Bank of America Corp DE increased its stake in AST SpaceMobile by 140.3% in the first quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock valued at $136,259,000 after acquiring an additional 960,045 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of AST SpaceMobile by 14.3% in the 1st quarter. First Trust Advisors LP now owns 1,316,852 shares of the company’s stock valued at $109,128,000 after purchasing an additional 164,303 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of AST SpaceMobile by 9,876.8% in the 2nd quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock valued at $93,220,000 after purchasing an additional 1,038,546 shares in the last quarter. Focus Partners Wealth increased its stake in shares of AST SpaceMobile by 8,016.7% in the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock valued at $92,000,000 after purchasing an additional 1,253,967 shares during the last quarter. Finally, Tema ETFs LLC increased its stake in shares of AST SpaceMobile by 109,486.8% in the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock valued at $89,199,000 after purchasing an additional 1,002,899 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Stock Performance

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 $20.03 billion, a P/E ratio of -24.05 and a beta of 2.72. The company has a 50 day moving average price of $62.67 and a 200-day moving average price of $75.33.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly 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 analyst estimates of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same period last year, the firm posted ($0.41) EPS. On average, equities analysts expect that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

AST SpaceMobile Company Profile

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.