Tue Jun 24 14:10:00 UTC 2025: **News Article:**
**AST SpaceMobile Shares Rise Amid Analyst Activity, Insider Sales**
**Midland, TX** – AST SpaceMobile, Inc. (NASDAQ:ASTS) saw its shares climb 3.3% on Monday, closing at $47.46 after reaching a high of $48.59. Trading volume was down 34% from the average, with 8,184,514 shares changing hands.
The stock’s movement coincides with recent analyst activity. Scotiabank reaffirmed a “Sector Perform” rating with a $45.40 price target, while Oppenheimer initiated coverage with a “Market Perform” rating. Other firms have expressed more bullish sentiment. UBS Group raised its price target to $38.00 with a “Buy” rating, and B. Riley reiterated a “Buy” rating with a target price of $44.00. Roth Capital also initiated coverage with a “Buy” rating and a $42.00 target price. Overall, the stock has an average rating of “Moderate Buy” with an average price target of $43.73, based on two “Hold” and five “Buy” ratings.
Despite the positive analyst outlook, recent insider sales have been reported. President Scott Wisniewski sold 50,000 shares at an average price of $35.65, and CTO Huiwen Yao sold 4,250 shares at an average price of $34.60. These transactions represent decreases in their respective holdings.
Institutional investors, however, have been increasing their positions. Charles Schwab Investment Management Inc., Wells Fargo & Company MN, Two Sigma Investments LP, and Toronto Dominion Bank all added to their stakes in AST SpaceMobile during the fourth quarter.
AST SpaceMobile recently reported a loss of $0.20 EPS for the quarter, missing estimates. The company’s revenue for the quarter was $0.72 million, falling short of analyst expectations.
AST SpaceMobile aims to provide cellular broadband services from space to smartphones in areas without terrestrial coverage.
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