780,260 Shares in AST SpaceMobile, Inc. $ASTS Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the third quarter, HoldingsChannel reports. The firm acquired 780,260 shares of the company’s stock, valued at approximately $45,926,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASTS. Bank of America Corp DE raised its position in shares of 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 buying an additional 960,045 shares during the last quarter. First Trust Advisors LP boosted its position in AST SpaceMobile by 14.3% during the first quarter. First Trust Advisors LP now owns 1,316,852 shares of the company’s stock worth $109,128,000 after acquiring an additional 164,303 shares during the last quarter. Tidal Investments LLC boosted its position in AST SpaceMobile by 9,876.8% during the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock worth $93,220,000 after acquiring an additional 1,038,546 shares during the last quarter. Tema ETFs LLC grew 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 acquiring an additional 1,002,899 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in AST SpaceMobile by 21.5% in the 1st quarter. Bank of New York Mellon Corp now owns 837,559 shares of the company’s stock worth $69,409,000 after acquiring an additional 148,464 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

ASTS has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered AST SpaceMobile to a “sector perform” rating in a research note on Friday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research report on Monday, October 5th. UBS Group began coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating for the company. Finally, B. Riley Financial downgraded AST SpaceMobile from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $85.00 to $65.00 in a research report on Friday, October 2nd. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, AST SpaceMobile currently has a consensus rating of “Hold” and an average price target of $80.67.

More AST SpaceMobile News

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

• Positive Sentiment: FCC spectrum expansion improves the industry outlook. The Federal Communications Commission adopted a proposal to expand spectrum available for “supplemental coverage from space,” potentially allowing AST SpaceMobile and wireless carriers to use satellite links more broadly in areas outside conventional tower coverage. ASTS Stock Gains On FCC Plan to Expand Direct-To-Phone Spectrum
• Positive Sentiment: Brazil authorizations and operator agreements advance commercialization. AST SpaceMobile received spectrum authorizations from Brazil’s telecom regulator and signed agreements with four regional mobile operators. The deals could support future satellite-enabled broadband coverage in underserved Brazilian markets and validate the company’s international partnership strategy. AST SpaceMobile Secures Brazil Spectrum Authorizations and Four Operator Agreements
• Positive Sentiment: Bullish commentary points to potential growth beyond the recent selloff. An investment analysis cited AST’s funded satellite constellation, more than 60 carrier partners and possible large government contracts as reasons the shares may be undervalued relative to their long-term opportunity. These contracts remain potential rather than guaranteed catalysts. Prediction: ASTS Could Be Entering Its Biggest Growth Phase Yet
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased ASTS securities from March 4, 2025, through July 15, 2026, with a November 13, 2026 lead-plaintiff deadline. Attorneys allege the company made material misstatements or omissions regarding capital and liquidity, including claims tied to roughly $3 billion of convertible-note offerings and dilution. The allegations have not been proven, but the litigation adds reputational and legal uncertainty. Pomerantz Class Action Announcement
• Negative Sentiment: Amazon’s approved Globalstar transaction raises competitive concerns. Amazon’s sizable investment and FCC-approved deal involving Globalstar could strengthen a rival satellite-connectivity ecosystem, increasing pressure on AST SpaceMobile to execute its constellation deployment and secure commercial contracts. Amazon’s FCC-Approved Globalstar Deal

AST SpaceMobile Price Performance

ASTS stock opened at $40.97 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. AST SpaceMobile, Inc. has a 1 year low of $36.72 and a 1 year high of $133.86. The firm has a market cap of $15.94 billion, a P/E ratio of -19.14 and a beta of 2.88. The stock has a 50-day simple moving average of $55.02 and a 200-day simple moving average of $77.74.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates 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 company 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 company earned ($0.41) EPS. On average, equities analysts predict that AST SpaceMobile, Inc. will post -1.91 earnings per share for the current fiscal year.

Insider Transactions at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction dated Wednesday, September 16th. The stock was 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 of the company’s stock, valued at approximately $2,047,817.50. The trade was a 53.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros bought 10,822 shares of the business’s stock in a transaction 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 owned 797,023 shares in the company, valued at $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. Corporate insiders own 20.89% of the company’s stock.

AST SpaceMobile Profile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.