FAS Wealth Partners Inc. purchased a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,585 shares of the company's stock, valued at approximately $540,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ASTS. Vanguard Group Inc. lifted its holdings in shares of AST SpaceMobile by 49.4% during the 4th quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company's stock worth $316,233,000 after acquiring an additional 4,955,941 shares during the period. Geode Capital Management LLC boosted its holdings in AST SpaceMobile by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 3,496,825 shares of the company's stock valued at $73,801,000 after acquiring an additional 229,759 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in AST SpaceMobile during the fourth quarter worth about $59,523,000. Charles Schwab Investment Management Inc. lifted its stake in shares of AST SpaceMobile by 11.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,266,713 shares of the company's stock valued at $26,728,000 after purchasing an additional 135,008 shares in the last quarter. Finally, Northern Trust Corp increased its position in AST SpaceMobile by 8.8% during the 4th quarter. Northern Trust Corp now owns 1,233,056 shares of the company's stock worth $26,017,000 after purchasing an additional 100,153 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on ASTS shares. UBS Group boosted their price objective on AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Roth Capital initiated coverage on shares of AST SpaceMobile in a research report on Thursday, April 10th. They issued a "buy" rating and a $42.00 price objective for the company. Oppenheimer began coverage on AST SpaceMobile in a research report on Monday. They set a "market perform" rating on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $30.00 price objective on shares of AST SpaceMobile in a research note on Tuesday, March 4th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of AST SpaceMobile in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.82.
Check Out Our Latest Analysis on ASTS
Insider Activity at AST SpaceMobile
In related news, Director Julio A. Torres sold 20,000 shares of AST SpaceMobile stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.73, for a total transaction of $614,600.00. Following the sale, the director now directly owns 52,628 shares of the company's stock, valued at $1,617,258.44. This trade represents a 27.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 41.80% of the company's stock.
AST SpaceMobile Stock Up 2.2 %
Shares of ASTS traded up $0.56 during trading hours on Wednesday, reaching $25.64. The company's stock had a trading volume of 3,335,401 shares, compared to its average volume of 12,646,144. The company has a 50 day moving average of $24.98 and a two-hundred day moving average of $24.52. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile, Inc. has a 1-year low of $2.12 and a 1-year high of $39.08. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of -12.05 and a beta of 2.05.
AST SpaceMobile Company Profile
(
Free Report)
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.
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