Tema ETFs LLC Purchases 1,002,899 Shares of AST SpaceMobile, Inc. $ASTS

Tema ETFs LLC lifted its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 109,486.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,003,815 shares of the company’s stock after purchasing an additional 1,002,899 shares during the quarter. AST SpaceMobile makes up about 2.9% of Tema ETFs LLC’s portfolio, making the stock its 3rd largest holding. Tema ETFs LLC’s holdings in AST SpaceMobile were worth $89,199,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Grove Bank & Trust acquired a new position in AST SpaceMobile in the second quarter valued at $27,000. Cornerstone Planning Group LLC grew its holdings in AST SpaceMobile by 16,350.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock worth $27,000 after acquiring an additional 327 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in AST SpaceMobile during the 4th quarter worth about $25,000. Portus Wealth Advisors LLC bought a new position in shares of AST SpaceMobile in the 1st quarter worth about $30,000. Finally, Advocate Investing Services LLC bought a new position in shares of AST SpaceMobile in the 1st quarter worth about $31,000. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded AST SpaceMobile from a “buy” rating to a “hold” rating and dropped their price objective for the company from $117.00 to $106.00 in a research note on Friday, May 29th. New Street Research set a $106.00 target price on AST SpaceMobile in a report on Friday, May 29th. Piper Sandler lowered their target price on AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday. Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 15th. Finally, Scotiabank upgraded shares of AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price on the stock in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, AST SpaceMobile presently has a consensus rating of “Hold” and a consensus target price of $87.42.

Insiders Place Their Bets

In other news, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile 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 transaction, the chief financial officer directly owned 503,619 shares in the company, valued at $47,244,498.39. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction dated 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 sale, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at approximately $3,348,857.50. The trade was a 53.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 90,809 shares of company stock worth $8,603,392 over the last ninety days. Insiders own 20.89% of the company’s stock.

AST SpaceMobile News Roundup

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

• Positive Sentiment: Management reaffirmed 2026 revenue guidance of $150 million to $200 million, roughly consistent with Wall Street expectations. The company also said it is targeting approximately 45 BlueBird satellites in orbit by early 2027, supporting a planned beta service rollout. ASTS Q2 Earnings Call Puts Beta Rollout and Government Growth in Focus
• Positive Sentiment: AST SpaceMobile highlighted a revenue backlog of approximately $1.2 billion to $1.3 billion, more than 60 mobile-network-operator relationships, a $1 billion government-related award, and continued satellite production and launches. These developments strengthen the longer-term revenue opportunity despite service revenue not yet beginning. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Positive Sentiment: Analyst sentiment remained supportive. Cantor Fitzgerald raised its price target to $90 from $80 while maintaining an overweight rating, and Piper Sandler retained overweight with a $98 target despite trimming it from $100. AST SpaceMobile Price Target Raised at Cantor Fitzgerald
• Neutral Sentiment: Technical and sector momentum provided additional support: ASTS held firm after earnings while space-related stocks, including Voyager Technologies, attracted investor interest. However, the stock remains highly volatile and below its 50-day and 200-day moving averages.
• Negative Sentiment: Second-quarter results missed estimates for the sixth consecutive quarter. Revenue was $31.5 million versus roughly $35 million expected, while the adjusted loss was $0.77 per share versus estimates near $0.26-$0.32. Higher capital spending and operating costs drove the wider loss, underscoring substantial cash-burn and execution risks. AST SpaceMobile Second Quarter Earnings Fall Short of Estimates

AST SpaceMobile Price Performance

Shares of NASDAQ:ASTS opened at $71.63 on Wednesday. AST SpaceMobile, Inc. has a twelve month low of $36.08 and a twelve month high of $133.86. The stock’s 50 day moving average is $74.29 and its 200-day moving average is $85.47. 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 firm has a market capitalization of $27.80 billion, a price-to-earnings ratio of -33.47 and a beta of 2.75.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The business had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.53 million. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 23.32%. During the same period in the previous year, the business posted ($0.41) EPS. Sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.38 EPS for the current fiscal year.

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.