TTRF Capital Ltd Takes Position in AST SpaceMobile, Inc. $ASTS

TTRF Capital Ltd purchased a new stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the 2nd quarter, Holdings Channel reports. The fund purchased 87,700 shares of the company’s stock, valued at approximately $7,793,000. AST SpaceMobile comprises approximately 5.1% of TTRF Capital Ltd’s holdings, making the stock its 3rd biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its position in AST SpaceMobile by 16,350.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after acquiring an additional 327 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile in the 4th quarter worth $25,000. Portus Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile in the 1st quarter worth $30,000. Advocate Investing Services LLC purchased a new position in shares of AST SpaceMobile in the first quarter worth $31,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of AST SpaceMobile in the fourth quarter worth $29,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Key AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile is scheduled to launch BlueBird satellites 11–13 aboard a SpaceX Falcon 9 on Aug. 5. The mission is an important step toward expanding the company’s direct-to-smartphone broadband constellation, while the satellites’ reported Guinness World Record recognition added publicity and investor enthusiasm. ASTS Stock Hits Nearly 3-Week High: Meta Exec Teases WhatsApp Over Satellite Ahead Of BlueBird Launch
• Positive Sentiment: A Meta executive highlighted work related to bringing WhatsApp connectivity over satellites, reinforcing expectations that AST SpaceMobile could benefit from partnerships supporting satellite-to-device communications. AST SpaceMobile gains as Meta executive highlights WhatsApp satellite workshop
• Positive Sentiment: Short interest reportedly declined to approximately 19.9% of the public float from 21.7% the prior week. The reduction may ease short-selling pressure ahead of the BlueBird launch, although short interest remains elevated. ASTS Short Interest Drops Below 20% Ahead Of BlueBird Launch
• Neutral Sentiment: ASTS participated in a broader rally among space stocks as traders positioned around SpaceX’s first public earnings report. The sector-wide move may support near-term sentiment but does not directly change AST SpaceMobile’s fundamentals. Space stocks rally ahead of SpaceX earnings
• Negative Sentiment: Investors are awaiting AST SpaceMobile’s Aug. 10 second-quarter earnings report. Analysts and pre-earnings commentary question the likelihood of an earnings beat, while competition, execution risk and the company’s history of losses could increase volatility. Is AST SpaceMobile Stock a Smart Buy Before Q2 Earnings Release?
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of AST SpaceMobile investors. The investigation does not establish wrongdoing, but it introduces headline and potential litigation risk. Pomerantz investor investigation

Insider Buying and Selling

In other news, Director Julio A. Torres sold 15,000 shares of AST SpaceMobile stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total value 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. The trade was a 25.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $96.37, for a total value of $3,854,800.00. Following the completion of the sale, the chief technology officer directly owned 34,750 shares in the company, valued at $3,348,857.50. This trade represents a 53.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 105,809 shares of company stock worth $9,748,492. 20.89% of the stock is owned by insiders.

AST SpaceMobile Trading Up 10.7%

ASTS stock opened at $70.31 on Wednesday. AST SpaceMobile, Inc. has a 1-year low of $36.08 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. The company has a market capitalization of $27.29 billion, a price-to-earnings ratio of -39.50 and a beta of 2.75. The business has a 50 day simple moving average of $79.33 and a two-hundred day simple moving average of $86.88.

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 analysts’ consensus estimates of ($0.23) by ($0.43). The company had revenue of $14.73 million for the quarter, compared to analysts’ expectations of $39.01 million. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The company’s quarterly revenue was up 1952.2% compared to the same quarter last year. During the same period last year, the business earned ($0.20) earnings per share. Research analysts anticipate that AST SpaceMobile, Inc. will post -1.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. B. Riley Financial upgraded shares of AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Friday, July 17th. Piper Sandler began coverage on shares of AST SpaceMobile in a research report on Wednesday, July 15th. They issued an “overweight” rating and a $100.00 target price for the company. Barclays boosted their target price on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, April 9th. UBS Group dropped their price target on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Finally, New Street Research set a $106.00 price target on shares of AST SpaceMobile in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, AST SpaceMobile currently has an average rating of “Hold” and an average price target of $87.60.

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.