Spear Advisors LLC Takes Position in AST SpaceMobile, Inc. $ASTS

Spear Advisors LLC purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 86,914 shares of the company’s stock, valued at approximately $6,313,000. AST SpaceMobile accounts for about 4.4% of Spear Advisors LLC’s holdings, making the stock its 10th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in ASTS. REAP Financial Group LLC acquired a new stake in shares of AST SpaceMobile in the third quarter valued at about $25,000. Crewe Advisors LLC acquired a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $25,000. Byrne Asset Management LLC acquired a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: AT&T, Verizon and T-Mobile announced a satellite-to-phone joint venture to extend coverage in dead zones, which investors may see as validation of AST SpaceMobile’s direct-to-device business model and a sign of growing demand for space-based mobile connectivity. Article Title
• Positive Sentiment: AST SpaceMobile publicly welcomed the carriers’ joint venture, reinforcing the idea that its space-based cellular network could become an important part of future mobile coverage efforts. Article Title
• Positive Sentiment: New Street Research launched a new space-economy coverage group and included ASTS on its initial list, which can increase investor attention and trading interest in the stock. Article Title
• Neutral Sentiment: Analyst opinion remains cautious overall, with a reported consensus rating of “Reduce,” reflecting mixed views on AST SpaceMobile’s execution and valuation. Article Title
• Negative Sentiment: Director Julio A. Torres sold 15,000 shares, a move that can weigh on sentiment because insider selling sometimes signals reduced confidence, even though he still holds a meaningful stake. Article Title
• Negative Sentiment: Recent post-earnings coverage continues to highlight ASTS’s Q1 miss, weaker forecasts, and execution risks, which may limit upside despite the positive carrier news. Article Title

Analyst Upgrades and Downgrades

Several brokerages recently commented on ASTS. Wall Street Zen lowered AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. New Street Research began coverage on AST SpaceMobile in a research report on Wednesday. They set a “neutral” rating and a $80.00 target price on the stock. Zacks Research upgraded AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. B. Riley Financial upped their target price on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, UBS Group reduced their price target on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday. Two 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.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $79.45.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 4,750 shares in the company, valued at approximately $422,180. The trade was a 89.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $86.22, for a total value of $116,397,000.00. Following the sale, the insider directly owned 27,980,155 shares of the company’s stock, valued at $2,412,448,964.10. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,095,000 shares of company stock valued at $275,597,100 over the last three months. Corporate insiders own 20.89% of the company’s stock.

AST SpaceMobile Trading Up 0.8%

Shares of AST SpaceMobile stock opened at $83.67 on Friday. The stock has a market capitalization of $31.96 billion, a PE ratio of -47.01 and a beta of 2.60. AST SpaceMobile, Inc. has a 52 week low of $22.47 and a 52 week high of $129.89. The stock has a 50 day moving average price of $84.65 and a two-hundred day moving average price of $82.96. The company has a debt-to-equity ratio of 1.11, a quick ratio of 16.27 and a current ratio of 18.47.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates 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 business 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 firm posted ($0.20) EPS. The business’s revenue for the quarter was up 1952.2% compared to the same quarter last year. As a group, equities analysts anticipate that AST SpaceMobile, Inc. will post -1.47 earnings per share 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.