FirstWave Capital Management LLC Invests $1.95 Million in AST SpaceMobile, Inc. $ASTS

FirstWave Capital Management LLC purchased a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 21,895 shares of the company’s stock, valued at approximately $1,946,000.

Several other hedge funds have also recently added to or reduced their stakes in ASTS. Vodafone Ventures Ltd acquired a new position in AST SpaceMobile during the fourth quarter worth about $397,413,000. Norges Bank acquired a new stake in AST SpaceMobile in the 4th quarter valued at about $198,270,000. Morgan Stanley raised its holdings in AST SpaceMobile by 44.0% in 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 last quarter. Focus Partners Wealth lifted its stake in AST SpaceMobile by 8,016.7% in the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock worth $92,000,000 after purchasing an additional 1,253,967 shares in the last quarter. Finally, Tema ETFs LLC lifted its stake in AST SpaceMobile by 109,486.8% in the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after purchasing an additional 1,002,899 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

AST SpaceMobile Price Performance

ASTS stock opened at $62.31 on Friday. AST SpaceMobile, Inc. has a 52-week low of $36.08 and a 52-week high of $133.86. 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 cap of $24.25 billion, a price-to-earnings ratio of -29.12 and a beta of 2.74. The business has a fifty day moving average of $67.01 and a two-hundred day moving average of $80.54.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The business had revenue of $31.52 million during the quarter, compared to analyst estimates 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 last year, the company earned ($0.41) EPS. As a group, research analysts anticipate that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current year.

Key AST SpaceMobile News

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

• Positive Sentiment: Berenberg initiated coverage with a Buy rating and a $92 price target, implying substantial upside from recent levels. The firm’s bullish view helped drive a sharp rebound in ASTS and reflects confidence in the company’s direct-to-smartphone satellite network and long-term commercial opportunity. AST SpaceMobile Stock Soared 12%—This Was the Catalyst
• Positive Sentiment: Insider buying and additional commentary pointing to significant analyst upside have reinforced the bullish case. AST SpaceMobile’s planned network could connect ordinary smartphones directly to satellites without specialized hardware, offering a potentially large addressable market. AST SpaceMobile Trading Up Following Insider Buying Activity
• Positive Sentiment: The broader space-stock sector is receiving increased investor attention after a major NASA contract awarded to Blue Origin. Berenberg’s positive coverage of AST SpaceMobile and other space companies may improve sentiment toward the commercial space industry. Defying Gravity: Space Stocks Reach Escape Velocity
• Neutral Sentiment: Investors are comparing AST SpaceMobile’s developing direct-to-device cellular network with SpaceX’s more established launch business and Starlink broadband service. The comparison highlights ASTS’s potentially differentiated technology, but also its earlier stage and higher execution risk. AST SpaceMobile vs. Space Exploration Technologies
• Negative Sentiment: AST SpaceMobile delayed its target for having 45 BlueBird satellites in orbit from late 2026 to early 2027. The postponement could delay commercial service and the company’s ambitious revenue objectives, despite analysts viewing the milestone as achievable. AST SpaceMobile Moved Its Commercial Launch Target to 2027
• Negative Sentiment: A securities law firm is investigating potential violations on behalf of investors who suffered losses. While the notice does not establish wrongdoing, it adds headline and litigation risk. Investors also remain concerned about cash burn, potential dilution, regulatory hurdles, and ASTS’s previous earnings shortfall. AST SpaceMobile Investigation Alert

Insider Activity

In related news, Director Adriana Cisneros bought 10,822 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were bought at an average price of $57.22 per share, with a total value of $619,234.84. Following the completion of the transaction, the director directly owned 797,023 shares of the company’s stock, valued at $45,605,656.06. This represents a 1.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Johnson sold 45,809 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. 20.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ASTS has been the subject of a number of analyst reports. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. B. Riley Financial upgraded AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Friday, July 17th. New Street Research set a $106.00 price objective on AST SpaceMobile in a research note on Friday, May 29th. Cantor Fitzgerald upped their target price on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, Berenberg Bank assumed coverage on AST SpaceMobile in a research note on Wednesday. They issued a “buy” rating and a $92.00 target price for the company. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.58.

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.