FY2026 EPS Estimates for AST SpaceMobile Cut by Analyst

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Research analysts at B. Riley lowered their FY2026 earnings per share estimates for shares of AST SpaceMobile in a research report issued to clients and investors on Monday, June 16th. B. Riley analyst M. Crawford now expects that the company will post earnings per share of ($0.35) for the year, down from their prior estimate of ($0.33). B. Riley has a “Buy” rating and a $44.00 price objective on the stock. The consensus estimate for AST SpaceMobile’s current full-year earnings is ($0.40) per share.

A number of other equities analysts also recently issued reports on the company. Roth Capital initiated coverage on AST SpaceMobile in a research note on Thursday, April 10th. They set a “buy” rating and a $42.00 target price for the company. Oppenheimer initiated coverage on AST SpaceMobile in a research note on Monday, May 5th. They set a “market perform” rating for the company. Scotiabank cut their target price on AST SpaceMobile from $47.90 to $45.40 and set a “sector outperform” rating for the company in a research note on Tuesday, May 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $30.00 target price on shares of AST SpaceMobile in a research note on Tuesday, March 4th. Finally, UBS Group increased their target price on AST SpaceMobile from $31.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, AST SpaceMobile has an average rating of “Moderate Buy” and an average price target of $43.73.

AST SpaceMobile Stock Up 10.6%

AST SpaceMobile stock opened at $44.35 on Wednesday. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of -22.29 and a beta of 2.02. The stock has a 50 day moving average of $26.90 and a two-hundred day moving average of $25.44. AST SpaceMobile has a twelve month low of $9.32 and a twelve month high of $44.71. The company has a current ratio of 10.62, a quick ratio of 10.62 and a debt-to-equity ratio of 0.60.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). AST SpaceMobile had a negative return on equity of 23.56% and a negative net margin of 7,033.22%. The company had revenue of $0.72 million for the quarter, compared to analyst estimates of $3.85 million.

Hedge Funds Weigh In On AST SpaceMobile

Several hedge funds have recently bought and sold shares of ASTS. Van ECK Associates Corp increased its position in AST SpaceMobile by 150.1% during the fourth quarter. Van ECK Associates Corp now owns 258,747 shares of the company’s stock worth $5,460,000 after buying an additional 155,310 shares in the last quarter. Rhumbline Advisers increased its position in AST SpaceMobile by 2.0% during the fourth quarter. Rhumbline Advisers now owns 216,718 shares of the company’s stock worth $4,573,000 after buying an additional 4,168 shares in the last quarter. Americana Partners LLC increased its position in AST SpaceMobile by 5.2% during the fourth quarter. Americana Partners LLC now owns 27,047 shares of the company’s stock worth $571,000 after buying an additional 1,326 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in AST SpaceMobile by 36.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 80,305 shares of the company’s stock worth $1,694,000 after buying an additional 21,585 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in AST SpaceMobile by 17.1% during the fourth quarter. New York State Common Retirement Fund now owns 42,367 shares of the company’s stock worth $894,000 after buying an additional 6,200 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity at AST SpaceMobile

In related news, COO Shanti B. Gupta sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $36.08, for a total value of $541,200.00. Following the completion of the transaction, the chief operating officer now directly owns 315,667 shares of the company’s stock, valued at $11,389,265.36. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Scott Wisniewski sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $35.65, for a total value of $1,782,500.00. Following the completion of the transaction, the president now directly owns 545,595 shares of the company’s stock, valued at $19,450,461.75. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,250 shares of company stock valued at $6,146,750 in the last ninety days. Corporate insiders own 34.15% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.