AST SpaceMobile (NASDAQ:ASTS – Free Report) had its price objective decreased by B. Riley Securities from $105.00 to $95.00 in a research note issued to investors on Friday,Benzinga reports. B. Riley Securities currently has a neutral rating on the stock.
Several other analysts also recently weighed in on ASTS. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, December 29th. Barclays cut AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a research report on Friday, October 17th. Scotiabank lowered shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 target price on the stock. in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of AST SpaceMobile in a report on Tuesday, January 20th. Finally, Zacks Research downgraded shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $51.83.
Get Our Latest Analysis on ASTS
AST SpaceMobile Stock Up 0.4%
Insider Activity
In other AST SpaceMobile news, Director Keith R. Larson acquired 625 shares of AST SpaceMobile stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of $80.00 per share, with a total value of $50,000.00. Following the acquisition, the director owned 2,015 shares of the company’s stock, valued at approximately $161,200. The trade was a 44.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Maya Bernal sold 6,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $73.76, for a total transaction of $442,560.00. Following the completion of the sale, the chief accounting officer directly owned 122,486 shares in the company, valued at approximately $9,034,567.36. The trade was a 4.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have acquired 2,765 shares of company stock valued at $187,236 and have sold 2,354,621 shares valued at $164,348,075. 30.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASTS. Crewe Advisors LLC acquired a new position in shares of AST SpaceMobile in the 4th quarter worth approximately $25,000. Laurel Wealth Advisors LLC bought a new stake in AST SpaceMobile in the fourth quarter valued at $25,000. Byrne Asset Management LLC bought a new stake in AST SpaceMobile in the fourth quarter valued at $29,000. Acumen Wealth Advisors LLC acquired a new position in AST SpaceMobile during the fourth quarter worth $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of AST SpaceMobile during the fourth quarter valued at $33,000. Institutional investors own 60.95% of the company’s stock.
Key AST SpaceMobile News
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: BlueBird 6 successfully unfolded in orbit, validating AST’s large aperture Block‑2 design, increasing confidence that its satellites can deliver 4G/5G to regular smartphones and unlocking commercial agreements and material revenue commitments. This materially reduces the company’s primary technical risk and supports the long‑term growth thesis. BlueBird 6 Unfolds
- Neutral Sentiment: AST priced repurchases of roughly $300M of convertible senior notes — a balance‑sheet cleanup that reduces some legacy liability but is being executed alongside new financing, so the net capital impact is mixed. Repurchases Priced
- Neutral Sentiment: Published short‑interest data in February shows zeros/NaN and a 0.0 days ratio — this appears to be a reporting anomaly and is not currently meaningful for near‑term positioning.
- Negative Sentiment: AST launched a $1.0B convertible note offering (due 2036) to fund its rollout; markets viewed the raise and the potential dilution/debt load negatively, triggering selling pressure. MarketWatch on $1B Raise
- Negative Sentiment: Pomerantz LLP announced an investor investigation into AST, which raises legal/monitoring risk and can weigh on sentiment. Pomerantz Investigation
- Negative Sentiment: Retail chatter and premarket selling intensified after the funding announcement; insiders have sold shares recently, which markets often interpret as a near‑term negative signal. MSN Retail Chatter Yahoo Insiders Selling
- Negative Sentiment: B. Riley cut its price target from $105 to $95 and moved to Neutral, which reduces upside perceived by some analysts. B. Riley Price Target Change
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.
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