Piper Sandler Cuts AST SpaceMobile (NASDAQ:ASTS) Price Target to $98.00

AST SpaceMobile (NASDAQ:ASTS) had its price objective reduced by Piper Sandler from $100.00 to $98.00 in a report issued on Tuesday, MarketBeat Ratings reports. Piper Sandler currently has an overweight rating on the stock.

ASTS has been the topic of a number of other research reports. Scotiabank upgraded AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price target on the stock in a research note on Wednesday, July 29th. UBS Group reduced their price objective on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. New Street Research set a $106.00 price objective on shares of AST SpaceMobile in a report on Friday, May 29th. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Finally, Roth Capital restated a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.98.

AST SpaceMobile Price Performance

NASDAQ:ASTS opened at $71.52 on Tuesday. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. The stock’s 50 day moving average price is $72.90 and its two-hundred day moving average price is $84.88. The firm has a market capitalization of $27.76 billion, a price-to-earnings ratio of -33.42 and a beta of 2.75. AST SpaceMobile has a 12-month low of $36.08 and a 12-month high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 23.32%. The business had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.53 million. During the same period in the previous year, the business earned ($0.41) earnings per share. On average, analysts anticipate that AST SpaceMobile will post -1.83 earnings per share for the current year.

Insider Buying and Selling at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction on Friday, June 5th. The stock was sold at an average price of $96.37, for a total transaction of $3,854,800.00. Following the completion of the sale, the chief technology officer owned 34,750 shares of the company’s stock, valued at approximately $3,348,857.50. This trade represents a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a 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, CFO Andrew Martin Johnson sold 45,809 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the completion of the sale, the chief financial officer directly owned 503,619 shares of the company’s stock, valued at approximately $47,244,498.39. The trade was a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 90,809 shares of company stock worth $8,603,392 in the last quarter. Company insiders own 20.89% of the company’s stock.

Institutional Trading of AST SpaceMobile

Institutional investors have recently bought and sold shares of the business. Calton & Associates Inc. raised its position in shares of AST SpaceMobile by 0.8% in the fourth quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock valued at $986,000 after buying an additional 104 shares in the last quarter. Investmark Advisory Group LLC grew its position in AST SpaceMobile by 2.7% during the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock worth $337,000 after buying an additional 120 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in AST SpaceMobile by 18.2% during the fourth quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock worth $67,000 after buying an additional 142 shares in the last quarter. Larson Financial Group LLC increased its stake in AST SpaceMobile by 39.0% during the 4th quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock worth $37,000 after acquiring an additional 144 shares during the period. Finally, Capital Advisors Ltd. LLC increased its stake in AST SpaceMobile by 6.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,638 shares of the company’s stock worth $219,000 after acquiring an additional 164 shares during the period. Institutional investors own 60.95% of the company’s stock.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: An analyst upgrade and a separate Cantor Fitzgerald commentary supported the long-term outlook, with Cantor arguing that ASTS shares could rise as the company moves toward commercial deployment. AST SpaceMobile stock price up after analyst upgrade Cantor Fitzgerald analyst expects AST SpaceMobile stock to rise
• Positive Sentiment: AST SpaceMobile is accelerating plans for an “imminent” United Kingdom direct-to-cell service with Vodafone, potentially creating an early commercial revenue stream and validating carrier demand. AST SpaceMobile and Vodafone UK direct-to-cell service
• Positive Sentiment: SpaceX has launched six ASTS BlueBird satellites this year, bringing 13 satellites into orbit. AST SpaceMobile is targeting 45 satellites by early 2027, a milestone intended to support its longer-term revenue ambitions. SpaceX helps AST SpaceMobile pursue revenue goal AST SpaceMobile targets 45 satellites
• Neutral Sentiment: Broader space stocks are trading unevenly, suggesting that sector-wide volatility and shifting investor sentiment are contributing to ASTS’s weakness, rather than a company-specific catalyst alone. Space stocks under pressure
• Negative Sentiment: ASTS reported a second-quarter loss of $0.77 per share versus the expected $0.32 loss and revenue of $31.52 million versus the $34.53 million consensus. Rising operating costs, a negative net margin and continued cash requirements are weighing on the investment case. AST SpaceMobile second-quarter performance
• Negative Sentiment: Analyst Tim Farrar flagged ASTS’s “very inflated” valuation, mounting delays and direct competition from SpaceX’s Starlink. Those concerns make the stock vulnerable if satellite launches, service rollout or revenue growth fall short of expectations. Analyst flags ASTS valuation and competition risks

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.