B. Riley Financial Has Lowered Expectations for AST SpaceMobile (NASDAQ:ASTS) Stock Price

AST SpaceMobile (NASDAQ:ASTS) had its target price reduced by equities researchers at B. Riley Financial from $65.00 to $48.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. B. Riley Financial‘s price objective indicates a potential upside of 46.67% from the stock’s previous close.

A number of other research firms have also issued reports on ASTS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, September 21st. Cantor Fitzgerald restated an “overweight” rating on shares of AST SpaceMobile in a research note on Monday. Citigroup reaffirmed a “positive” rating on shares of AST SpaceMobile in a report on Tuesday. UBS Group reaffirmed a “neutral” rating and set a $43.00 price objective on shares of AST SpaceMobile in a research report on Tuesday. Finally, Berenberg Bank started coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price target on the stock. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.47.

AST SpaceMobile Trading Down 11.3%

Shares of NASDAQ ASTS traded down $4.16 during trading on Tuesday, hitting $32.73. 13,238,411 shares of the company traded hands, compared to its average volume of 16,794,914. The firm has a market capitalization of $12.74 billion, a P/E ratio of -15.30 and a beta of 2.88. 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 company has a 50-day moving average price of $51.74 and a 200-day moving average price of $75.68. AST SpaceMobile has a 1 year low of $27.58 and a 1 year high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.03). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The firm had revenue of $42.32 million during the quarter, compared to the consensus estimate of $45.73 million. During the same quarter last year, the firm posted ($0.45) earnings per share. AST SpaceMobile’s revenue was up 187.9% compared to the same quarter last year. On average, equities analysts predict that AST SpaceMobile will post -1.91 EPS for the current year.

Insider Activity 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 transaction, the chief technology officer owned 34,750 shares in the company, valued at $2,047,817.50. The trade was a 53.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros purchased 10,822 shares of AST SpaceMobile stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $57.22 per share, with a total value of $619,234.84. Following the acquisition, the director directly owned 797,023 shares of the company’s stock, valued at approximately $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 20.89% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AST SpaceMobile

A number of large investors have recently bought and sold shares of the company. Hollencrest Capital Management raised its position in shares of AST SpaceMobile by 11.7% in the 1st quarter. Hollencrest Capital Management now owns 1,592 shares of the company’s stock valued at $132,000 after buying an additional 167 shares in the last quarter. Byrne Asset Management LLC grew its holdings in AST SpaceMobile by 17.0% during the 3rd quarter. Byrne Asset Management LLC now owns 1,170 shares of the company’s stock worth $67,000 after acquiring an additional 170 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in AST SpaceMobile by 15.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company’s stock worth $121,000 after buying an additional 188 shares during the period. MGO One Seven LLC raised its holdings in AST SpaceMobile by 1.9% during the 3rd quarter. MGO One Seven LLC now owns 12,536 shares of the company’s stock worth $738,000 after purchasing an additional 239 shares during the last quarter. Finally, Salvus Wealth Management LLC raised its position in shares of AST SpaceMobile by 0.4% in the 3rd quarter. Salvus Wealth Management LLC now owns 70,662 shares of the company’s stock worth $4,159,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds 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: AST SpaceMobile and Rakuten are forming a Japan-focused satellite joint venture, with up to $1 billion in Japanese government support reported for the project. The network is intended to extend direct-to-smartphone coverage and provide emergency connectivity, adding a potential growth opportunity. AST SpaceMobile Secures Up To $1 Billion For Japan Satellite Venture
• Neutral Sentiment: The company maintained its 2026 revenue guidance of $150 million to $200 million, a range that includes the current consensus estimate of $165.8 million. ASTS Stock Retreats On Q3 Sales Miss
• Negative Sentiment: Third-quarter revenue rose about 188% year over year to $42.3 million, but missed the $45.7 million analyst estimate. The loss of $0.44 per share was also wider than the expected $0.41, as rising costs associated with satellite expansion weighed on results. ASTS Q3 Earnings Miss Estimates
• Negative Sentiment: Bank of America cut its price target to $45 from $80 and kept a Neutral rating, citing a slower satellite launch pace and later commercial availability. BofA Cuts ASTS Price Target
• Negative Sentiment: Several law firms publicized a securities class action alleging the company made misleading statements about its funding position and competitive outlook. The allegations have not been proven; investors have until November 13 to seek lead-plaintiff status. AST SpaceMobile Lawsuit Deadline Notice

AST SpaceMobile Company Profile

AST SpaceMobile, Inc. develops a space-based cellular broadband network designed to connect directly with standard mobile phones, without requiring users to purchase specialized satellite devices. Its planned services include voice calls, text messaging and mobile broadband, delivered through partnerships with mobile network operators and integrated with their existing networks. The company is developing and deploying its BlueBird satellite system to provide coverage in areas where terrestrial cellular networks are unavailable or limited.