Adriana Cisneros Buys 10,822 Shares of AST SpaceMobile (NASDAQ:ASTS) Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) Director Adriana Cisneros acquired 10,822 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the transaction, the director directly owned 797,023 shares in the company, valued at $45,605,656.06. This represents a 1.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AST SpaceMobile Stock Performance

Shares of ASTS opened at $62.40 on Thursday. The company has a market cap of $24.28 billion, a price-to-earnings ratio of -29.16 and a beta of 2.74. The business’s fifty day simple moving average is $67.26 and its two-hundred day simple moving average is $80.82. AST SpaceMobile, Inc. has a 12 month low of $36.08 and a 12 month high of $133.86. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly 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 22.88% and a negative net margin of 536.66%.The business had revenue of $31.52 million during the quarter, compared to analysts’ expectations of $34.53 million. During the same quarter in the prior year, the firm earned ($0.41) EPS. Research analysts anticipate that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

Key AST SpaceMobile News

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

• Positive Sentiment: Berenberg initiated coverage of AST SpaceMobile with a Buy rating and a $92 price target, implying substantial upside from the prior close. The bank also began coverage of several other space companies with Buy ratings, helping drive renewed interest in the sector. Why AST SpaceMobile Stock Is Up Today
• Positive Sentiment: Investors also noted director Adriana Cisneros’s purchase of 10,822 ASTS shares for approximately $619,000 at an average price of $57.22. The transaction increased her holdings to 797,023 shares and may be viewed as a signal of insider confidence in AST SpaceMobile’s long-term prospects. Adriana Cisneros ASTS Purchase
• Positive Sentiment: AST SpaceMobile’s direct-to-smartphone strategy continues to attract attention, supported by mobile-network partnerships and Japan’s regulatory progress toward a 700 MHz Rakuten-AST SpaceMobile network. These developments could expand its international commercial opportunity. Japan Supports Rakuten-AST SpaceMobile Network
• Neutral Sentiment: The rally follows a difficult period for ASTS, with the stock still well below its 52-week high. Analysts and investors remain focused on the timing of commercial launches, including the planned US Mobile deployment, and the pace of BlueBird satellite production.
• Negative Sentiment: Execution and financial risks remain significant. AST SpaceMobile’s latest quarter produced a $0.77-per-share loss versus an expected $0.32 loss, while revenue of $31.52 million missed the $34.53 million estimate. Possible manufacturing delays, reliance on third-party launch providers, substantial cash needs and continued losses could limit further gains. AST SpaceMobile Q2 Analysis

Analyst Upgrades and Downgrades

ASTS has been the subject of a number of research analyst reports. New Street Research set a $106.00 price target on shares of AST SpaceMobile in a research note on Friday, May 29th. Cantor Fitzgerald increased their price objective 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. Roth Capital restated a “buy” rating and issued a $108.00 target price on shares of AST SpaceMobile in a report on Tuesday, May 12th. B. Riley Financial raised shares of AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft set a $93.00 target price on shares of AST SpaceMobile in a research note on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $86.58.

Institutional Trading of AST SpaceMobile

Large investors have recently added to or reduced their stakes in the business. HORAN Wealth LLC bought a new position in AST SpaceMobile in the second quarter worth approximately $220,000. California State Teachers Retirement System boosted its stake in shares of AST SpaceMobile by 11,947.9% during the 2nd quarter. California State Teachers Retirement System now owns 31,526,551 shares of the company’s stock worth $2,801,449,000 after acquiring an additional 31,264,875 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of AST SpaceMobile by 95.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 13,264 shares of the company’s stock valued at $1,179,000 after acquiring an additional 6,475 shares during the period. HB Wealth Management LLC grew its position in shares of AST SpaceMobile by 59.9% during the 2nd quarter. HB Wealth Management LLC now owns 3,947 shares of the company’s stock valued at $351,000 after acquiring an additional 1,479 shares during the period. Finally, Saudi Central Bank increased its stake in shares of AST SpaceMobile by 100.5% in the 2nd quarter. Saudi Central Bank now owns 16,652 shares of the company’s stock worth $1,480,000 after purchasing an additional 8,348 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

About AST SpaceMobile

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.