SBI Securities Co. Ltd. Boosts Stake in AST SpaceMobile, Inc. $ASTS

SBI Securities Co. Ltd. lifted its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 58.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,734 shares of the company’s stock after purchasing an additional 37,579 shares during the quarter. SBI Securities Co. Ltd.’s holdings in AST SpaceMobile were worth $7,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Investmark Advisory Group LLC raised its stake in shares of AST SpaceMobile by 2.7% in the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock worth $337,000 after purchasing an additional 120 shares during the last quarter. ORG Partners LLC raised its stake in shares of AST SpaceMobile by 4.2% in the fourth quarter. ORG Partners LLC now owns 3,283 shares of the company’s stock worth $238,000 after purchasing an additional 133 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of AST SpaceMobile by 30.0% in the third quarter. Atlantic Union Bankshares Corp now owns 781 shares of the company’s stock worth $38,000 after purchasing an additional 180 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of AST SpaceMobile by 22.9% in the third quarter. Sunbelt Securities Inc. now owns 1,003 shares of the company’s stock worth $49,000 after purchasing an additional 187 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of AST SpaceMobile by 3.9% in the third quarter. Ameriprise Financial Inc. now owns 6,586 shares of the company’s stock worth $323,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Stock Down 6.7%

AST SpaceMobile stock opened at $63.87 on Wednesday. The stock has a market cap of $24.40 billion, a PE ratio of -48.39 and a beta of 2.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 16.27 and a current ratio of 16.35. AST SpaceMobile, Inc. has a one year low of $22.47 and a one year high of $129.89. The stock has a fifty day moving average of $86.52 and a 200 day moving average of $83.14.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The firm had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $39.53 million. AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The company’s revenue was up 2731.3% compared to the same quarter last year. As a group, sell-side analysts predict that AST SpaceMobile, Inc. will post -0.99 EPS for the current year.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: Analysts and screens point to the company having the setup to beat Q1 consensus due to strong revenue momentum and favorable telecom partnerships, which could support the stock if results and guidance impress. AST SpaceMobile, Inc. (ASTS) Expected to Beat Earnings Estimates
• Neutral Sentiment: Some value screens list ASTS among stocks trading materially below calculated intrinsic values, suggesting upside for longer-term, value-oriented investors — but this depends on execution and profitability improving. 3 Stocks Estimated To Be Trading Up To 49.9% Below Intrinsic Value
• Negative Sentiment: Recent proxy disclosures and market commentary have focused investor attention on whether ASTS can meet satellite-to-phone rollout milestones; doubts about execution timing are pressuring the share price. What’s Going On With AST SpaceMobile Stock Today?
• Negative Sentiment: Insider selling picked up in April, which markets often view as a negative signal for insiders’ near-term confidence and can amplify downside when paired with execution risk. Leading Insider Sales: April Activity Ramps in These Stocks (ASTS)

Analyst Ratings Changes

Several research analysts have recently weighed in on ASTS shares. Scotiabank cut AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price target for the company. in a research note on Wednesday, January 7th. Zacks Research upgraded AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. UBS Group boosted their price target on AST SpaceMobile from $43.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Barclays upped their price objective on AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $82.51.

Insiders Place Their Bets

In related news, CTO Huiwen Yao sold 40,000 shares of the company’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 completion of the sale, the chief technology officer owned 4,750 shares in the company, valued at approximately $422,180. This represents a 89.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 27,980,155 shares of the company’s stock, valued at approximately $2,412,448,964.10. The trade was a 4.60% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,080,000 shares of company stock valued at $274,452,000. 30.90% of the stock is owned by company insiders.

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.