Seven Grand Managers LLC Buys New Stake in AST SpaceMobile, Inc. $ASTS

Key Points

• Seven Grand Managers LLC opened a new position in AST SpaceMobile, buying 100,000 shares worth about $7.26 million in the fourth quarter.
• AST SpaceMobile reported a wider-than-expected loss in its latest quarter, posting EPS of -$0.66 versus estimates of -$0.23, while revenue came in at $14.74 million versus expectations of $39.01 million.
• Despite strong investor interest and recent stock gains, analysts remain cautious: the stock has a consensus rating of “Reduce” with an average price target of $79.45, and insiders have also been selling shares recently.

Seven Grand Managers LLC bought a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $7,263,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of AST SpaceMobile during the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile during the fourth quarter worth about $25,000. Byrne Asset Management LLC acquired a new stake in shares of AST SpaceMobile during the fourth quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of AST SpaceMobile during the fourth quarter worth about $33,000. Finally, REAP Financial Group LLC acquired a new stake in shares of AST SpaceMobile during the third quarter worth about $25,000. Institutional investors and hedge funds own 60.95% of the company's stock.

AST SpaceMobile Stock Performance

NASDAQ ASTS opened at $129.60 on Thursday. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. AST SpaceMobile, Inc. has a 52-week low of $22.47 and a 52-week high of $131.20. The business's 50-day moving average price is $86.86 and its 200 day moving average price is $84.60. The firm has a market cap of $50.30 billion, a P/E ratio of -72.81 and a beta of 2.60.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.43). The company had revenue of $14.74 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 1952.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.20) EPS. On average, equities research analysts expect that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group lowered their price target 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 raised AST SpaceMobile from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. B. Riley Financial raised their price target on AST SpaceMobile from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on AST SpaceMobile in a report on Wednesday, April 15th. Finally, New Street Research assumed coverage on AST SpaceMobile in a report on Wednesday, May 13th. They set a "neutral" rating and a $80.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $79.45.

Insider Activity

In related news, Director Julio A. Torres sold 15,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the director owned 43,239 shares in the company, valued at $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Martin Johnson sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $90.25, for a total transaction of $451,250.00. Following the completion of the sale, the chief financial officer owned 565,805 shares of the company's stock, valued at approximately $51,063,901.25. The trade was a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,100,000 shares of company stock worth $276,048,350 in the last three months. 20.89% of the stock is currently owned by company insiders.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: ASTS is drawing strong sector-wide buying as the upcoming SpaceX IPO is prompting investors to re-rate space infrastructure names higher. ASTS adds $10B in market cap on bold industry developments
• Positive Sentiment: The company’s June launch plan keeps its 2026 satellite deployment goal in focus, which supports the bullish case that ASTS is moving closer to commercial execution. AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
• Positive Sentiment: Coverage continues to highlight ASTS’s direct-to-smartphone satellite technology, FCC progress, and telecom partnerships as long-term growth drivers. Zacks Investment Ideas feature highlights: AST SpaceMobile
• Positive Sentiment: Investors are also focused on ASTS’s Vodafone joint venture and Europe’s push for satellite independence, which could expand demand for the company’s network. ASTS Stock Jumps Overnight: Europe’s Push Against Starlink Shines Spotlight On AST SpaceMobile’s Vodafone JV
• Neutral Sentiment: Social-media chatter and broader space-stock enthusiasm are adding momentum, but these headlines are more sentiment-driven than fundamental. Social Buzz: Wallstreetbets Stocks Mostly Advancing Pre-Bell Wednesday; Intuitive Machines, Rocket Lab to Open Higher
• Negative Sentiment: Some analysts are flagging valuation risk, debt from the recent convertible note issuance, and dilution concerns, which could limit upside if execution slows. The SpaceX IPO Frenzy Is Creating 2 Very Different Bets (ASTS)

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.

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