Hanseatic Management Services Inc. Has $557,000 Stake in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Hanseatic Management Services Inc. reduced its position in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,390 shares of the company’s stock after selling 612 shares during the quarter. Hanseatic Management Services Inc.’s holdings in AST SpaceMobile were worth $557,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Fairfield Financial Advisors LTD bought a new position in shares of AST SpaceMobile during the 3rd quarter worth about $26,000. Hollencrest Capital Management acquired a new position in AST SpaceMobile in the third quarter worth about $26,000. Rakuten Securities Inc. bought a new position in AST SpaceMobile during the third quarter worth about $68,000. Sunbelt Securities Inc. lifted its stake in AST SpaceMobile by 3,380.0% during the third quarter. Sunbelt Securities Inc. now owns 3,480 shares of the company’s stock worth $91,000 after purchasing an additional 3,380 shares during the period. Finally, KBC Group NV acquired a new stake in AST SpaceMobile during the third quarter valued at approximately $104,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ASTS shares. Scotiabank dropped their target price on AST SpaceMobile from $45.90 to $44.70 and set a “sector outperform” rating for the company in a report on Friday, November 15th. UBS Group increased their price objective on AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

AST SpaceMobile Stock Performance

NASDAQ ASTS opened at $20.78 on Friday. AST SpaceMobile, Inc. has a 1-year low of $1.97 and a 1-year high of $39.08. The company has a 50 day moving average of $23.44 and a 200-day moving average of $23.48. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31.

About AST SpaceMobile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.