Leonteq Securities AG Makes New Investment in AST SpaceMobile, Inc. $ASTS

Leonteq Securities AG purchased a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 30,445 shares of the company’s stock, valued at approximately $2,211,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASTS. AQR Capital Management LLC boosted its holdings in shares of AST SpaceMobile by 11.8% during the 1st quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after buying an additional 3,642 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of AST SpaceMobile by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock worth $1,814,000 after buying an additional 3,515 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of AST SpaceMobile by 16.1% during the 1st quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock worth $10,634,000 after buying an additional 64,989 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of AST SpaceMobile by 18.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock worth $7,405,000 after buying an additional 49,811 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of AST SpaceMobile during the 1st quarter worth approximately $168,000. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $88.88, for a total transaction of $3,555,200.00. Following the transaction, the chief technology officer directly owned 4,750 shares in the company, valued at approximately $422,180. This trade represents a 89.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julio A. Torres sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total value of $1,145,100.00. Following the transaction, the director owned 43,239 shares in the company, valued at approximately $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,095,000 shares of company stock worth $275,597,100. Corporate insiders own 20.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. UBS Group cut their target price on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Zacks Research upgraded AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 15th. Finally, B. Riley Financial increased their target price on AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $79.45.

Key AST SpaceMobile News

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

• Positive Sentiment: Reports that AT&T and Verizon are backing a $1.2 billion broadband bet in space technology highlight growing carrier support for AST SpaceMobile’s satellite-to-phone model, which could expand future revenue opportunities. AT&T, Verizon back $1.2B broadband bet in space tech leader
• Positive Sentiment: Orange announced new partnerships with AST SpaceMobile to expand direct-to-cell satellite services, including trials in Romania, adding another validation point for the company’s commercial rollout. Orange Satellite And Cyber Moves Add New Angles To Valuation Story
• Positive Sentiment: Technical coverage pointed to a bullish “buy” signal after ASTS cleared a key trendline, suggesting traders are still adding to the recent rally. Satellite Stock ‘Buy’ Signal Could Mean More Gains
• Neutral Sentiment: AST SpaceMobile presented at J.P. Morgan’s Global Technology, Media and Communications Conference, keeping investor attention on the company’s strategy and execution. AST SpaceMobile, Inc. (ASTS) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Neutral Sentiment: Analyst commentary noted rising satellite-based telecom demand and ASTS’s telecom partnerships, but did not add a fresh catalyst beyond the company’s existing growth narrative. Can Rising Satellite-Based Telecom Services Boost ASTS’ Future Profit?
• Negative Sentiment: One valuation-focused article cautioned that ASTS’s strong recent share price run has pushed investors to reexamine whether the stock’s current momentum has already priced in a lot of future growth. A Look At AST SpaceMobile (ASTS) Valuation After Strong Recent Share Price Momentum

AST SpaceMobile Price Performance

Shares of NASDAQ:ASTS opened at $89.58 on Thursday. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. The stock’s fifty day simple moving average is $84.48 and its two-hundred day simple moving average is $83.20. AST SpaceMobile, Inc. has a 1-year low of $22.47 and a 1-year high of $129.89. The stock has a market cap of $34.22 billion, a PE ratio of -50.33 and a beta of 2.60.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The company had revenue of $14.74 million for the quarter, compared to the consensus estimate of $39.01 million. During the same quarter last year, the business posted ($0.20) earnings per share. AST SpaceMobile’s revenue was up 1952.2% on a year-over-year basis. As a group, analysts forecast that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

About AST SpaceMobile

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.