9,410 Shares in AST SpaceMobile, Inc. $ASTS Acquired by Havemeyer Place LP

Havemeyer Place LP bought a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,410 shares of the company’s stock, valued at approximately $683,000.

Several other institutional investors have also modified their holdings of ASTS. REAP Financial Group LLC purchased a new stake in shares of AST SpaceMobile during the third quarter worth $25,000. Crewe Advisors LLC purchased a new position in AST SpaceMobile in the fourth quarter valued at $25,000. Laurel Wealth Advisors LLC purchased a new position in AST SpaceMobile in the fourth quarter valued at $25,000. Byrne Asset Management LLC acquired a new position in AST SpaceMobile during the 4th quarter worth $29,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in AST SpaceMobile during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Stock Down 1.6%

Shares of NASDAQ ASTS opened at $92.06 on Tuesday. The business has a 50-day moving average of $89.69 and a two-hundred day moving average of $87.16. The company has a market capitalization of $35.73 billion, a price-to-earnings ratio of -51.72 and a beta of 2.70. AST SpaceMobile, Inc. has a 1 year low of $32.25 and a 1 year high of $133.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results 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). The business had revenue of $14.74 million for the quarter, compared to analyst estimates of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.AST SpaceMobile’s revenue was up 1952.2% on a year-over-year basis. During the same period last year, the business posted ($0.20) EPS. On average, analysts forecast that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $96.37, for a total transaction of $3,854,800.00. Following the completion of the sale, the chief technology officer owned 34,750 shares in the company, valued at approximately $3,348,857.50. The trade was a 53.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julio A. Torres sold 15,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director owned 43,239 shares of the company’s stock, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,140,000 shares of company stock valued at $279,903,150. 20.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ASTS shares. New Street Research set a $106.00 price target on AST SpaceMobile in a research report on Friday, May 29th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a report on Friday, May 29th. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. Finally, B. Riley Financial boosted their price target on shares of AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, AST SpaceMobile has an average rating of “Reduce” and a consensus target price of $81.33.

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.