Foguth Wealth Management LLC. purchased a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,176 shares of the company’s stock, valued at approximately $594,000.
Several other hedge funds have also made changes to their positions in ASTS. REAP Financial Group LLC acquired a new position in AST SpaceMobile during the 3rd quarter valued at approximately $25,000. Harvest Fund Management Co. Ltd acquired a new stake in AST SpaceMobile in the third quarter worth $29,000. Geneos Wealth Management Inc. increased its position in AST SpaceMobile by 225.0% in the third quarter. Geneos Wealth Management Inc. now owns 650 shares of the company’s stock worth $32,000 after buying an additional 450 shares during the period. Binnacle Investments Inc bought a new stake in AST SpaceMobile in the second quarter valued at $33,000. Finally, Atlantic Union Bankshares Corp lifted its stake in AST SpaceMobile by 30.0% in the third quarter. Atlantic Union Bankshares Corp now owns 781 shares of the company’s stock valued at $38,000 after buying an additional 180 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: Seeking Alpha upgraded ASTS to a Buy and called 2026 a potentially “game‑changing year” if planned satellite launches succeed; the note highlights a $1.2B contracted backlog that could materially grow revenue if execution continues. This Is A Game Changing Year (Rating Upgrade)
- Positive Sentiment: The company reported a large revenue beat (quarterly revenue of $54.3M vs. consensus ~$39.5M) and very strong year‑over‑year growth, supporting the view that ASTS is scaling commercial activity. AST SpaceMobile Reports Big Revenue Beat
- Neutral Sentiment: Reported short‑interest data in the feeds shows inconsistent/zero values (0 shares / NaN changes), creating uncertainty but no clear signal of heavy short pressure or imminent short‑covering.
- Neutral Sentiment: Large institutional ownership remains significant (~61% held by institutions), which can amplify moves but also means flows may be driven by portfolio managers rotating exposure across the sector.
- Negative Sentiment: Comparative coverage from Yahoo Finance and Zacks frames Viasat (VSAT) as the stronger satellite‑communications pick on valuation and growth stability, encouraging some investors to rotate to the cheaper/more‑mature peer. ASTS vs. VSAT
- Negative Sentiment: Company President Scott Wisniewski sold 47,000 shares (~$4.45M at the reported price), reducing his stake by ~6.6%; such high‑profile insider selling often spooks short‑term holders even if the sale is routine. SEC filing: Insider Sale SEC Filing
- Negative Sentiment: Analyst coverage is mixed-to-cautious: some firms cut targets or lowered ratings while a few maintained buys; MarketBeat lists an average target (~$63.77) well below recent trading levels, which can cap upside if revisions continue.
AST SpaceMobile Price Performance
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $54.31 million during the quarter, compared to analyst estimates of $39.53 million. AST SpaceMobile had a negative return on equity of 23.02% and a negative net margin of 482.16%.The firm’s quarterly revenue was up 2731.3% compared to the same quarter last year. Equities analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.
Wall Street Analysts Forecast Growth
ASTS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of AST SpaceMobile in a research report on Tuesday, January 20th. UBS Group lifted their price objective on shares of AST SpaceMobile from $43.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Scotiabank lowered shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 target price for the company. in a research note on Wednesday, January 7th. B. Riley Financial decreased their target price on shares of AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $63.77.
Get Our Latest Analysis on ASTS
Insider Buying and Selling at AST SpaceMobile
In related news, Director Keith R. Larson purchased 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 purchase, the director owned 2,015 shares in the company, valued at approximately $161,200. The trade was a 44.96% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 30.90% of the company’s stock.
AST SpaceMobile Company Profile
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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