Hanseatic Management Services Inc. Makes New $1.15 Million Investment in AST SpaceMobile, Inc. $ASTS

Hanseatic Management Services Inc. bought a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,819 shares of the company’s stock, valued at approximately $1,145,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ASTS. Vanguard Group Inc. boosted its position in AST SpaceMobile by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock worth $1,560,687,000 after purchasing an additional 1,568,292 shares during the period. Vodafone Ventures Ltd purchased a new position in AST SpaceMobile in the fourth quarter valued at about $397,413,000. Morgan Stanley raised its position in AST SpaceMobile by 44.0% in the fourth quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock valued at $338,569,000 after purchasing an additional 1,425,199 shares during the period. Geode Capital Management LLC lifted its stake in shares of AST SpaceMobile by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 4,522,549 shares of the company’s stock worth $328,749,000 after purchasing an additional 402,505 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of AST SpaceMobile by 9.7% during the fourth quarter. State Street Corp now owns 3,951,685 shares of the company’s stock worth $287,011,000 after purchasing an additional 350,690 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Price Performance

Shares of NASDAQ ASTS opened at $57.80 on Friday. 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 company has a market capitalization of $22.43 billion, a price-to-earnings ratio of -32.47 and a beta of 2.69. AST SpaceMobile, Inc. has a twelve month low of $36.08 and a twelve month high of $133.86. The business has a 50 day simple moving average of $86.76 and a 200-day simple moving average of $89.12.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The firm had revenue of $14.73 million for the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The business’s revenue for the quarter was up 1952.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) earnings per share. As a group, equities research analysts expect that AST SpaceMobile, Inc. will post -1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ASTS shares. B. Riley Financial raised shares of AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Friday. New Street Research set a $106.00 target price on shares of AST SpaceMobile in a research note on Friday, May 29th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Wall Street Zen lowered shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of AST SpaceMobile from a “buy” rating to a “hold” rating and decreased their price objective for the company from $117.00 to $106.00 in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $86.95.

Insiders Place Their Bets

In other news, CFO Andrew Martin Johnson sold 45,809 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $93.81, for a total value of $4,297,342.29. Following the transaction, the chief financial officer directly owned 503,619 shares in the company, valued at approximately $47,244,498.39. This trade represents a 8.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julio A. Torres sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the sale, the director directly owned 43,239 shares of the company’s stock, valued at approximately $3,300,865.26. This represents a 25.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 105,809 shares of company stock valued at $9,748,492. Company insiders own 20.89% of the company’s stock.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: Piper Sandler reportedly upgraded AST SpaceMobile to Strong Buy, suggesting at least one bullish analyst sees value after the selloff.
• Positive Sentiment: Some market commentary says the $1 billion notes offering may be less dilutive than feared, with proponents arguing the market has misunderstood the financing impact.
• Positive Sentiment: Long-term optimism remains tied to ASTS’s strategy to build a space-based cellular network for standard smartphones, with nearly 60 global carriers committed and access to a large subscriber base.
• Neutral Sentiment: Several articles framed the move as part of a broader space-stock selloff, with ASTS trading alongside weakness in other names in the sector.
• Negative Sentiment: ASTS priced $1 billion of 1.625% convertible notes due 2034, which sparked concerns about financing risk and potential shareholder dilution.
• Negative Sentiment: The company also disclosed a delay to its commercial satellite service timeline, adding execution concerns to the investment case.
• Negative Sentiment: Analyst and media coverage pointed to weakening sentiment, valuation concerns, and a consensus Reduce rating, all of which are weighing on the stock.

AST SpaceMobile 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.