AST SpaceMobile (NASDAQ:ASTS) Director Purchases $38,092.50 in Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) Director Adriana Cisneros bought 750 shares of the stock in a transaction on Thursday, November 20th. The shares were bought at an average cost of $50.79 per share, with a total value of $38,092.50. Following the purchase, the director owned 784,077 shares of the company’s stock, valued at $39,823,270.83. This trade represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

AST SpaceMobile Trading Up 5.8%

Shares of AST SpaceMobile stock traded up $2.98 on Monday, reaching $54.35. The company had a trading volume of 6,646,706 shares, compared to its average volume of 12,073,723. The firm’s 50 day moving average price is $66.46 and its two-hundred day moving average price is $50.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 9.48 and a current ratio of 9.56. AST SpaceMobile, Inc. has a 52-week low of $17.50 and a 52-week high of $102.79. The firm has a market cap of $19.95 billion, a PE ratio of -43.76 and a beta of 2.45.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.27). AST SpaceMobile had a negative return on equity of 27.76% and a negative net margin of 1,639.59%.The company had revenue of $14.74 million for the quarter, compared to analysts’ expectations of $22.04 million. During the same period in the previous year, the business posted ($1.10) EPS. The business’s revenue for the quarter was up 1236.4% on a year-over-year basis. Sell-side analysts predict that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AST SpaceMobile

A number of hedge funds have recently bought and sold shares of ASTS. Rakuten Group Inc. acquired a new position in shares of AST SpaceMobile during the first quarter worth about $705,398,000. Vanguard Group Inc. lifted its stake in AST SpaceMobile by 13.4% in the third quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock worth $977,668,000 after acquiring an additional 2,351,539 shares during the last quarter. Clear Street Group Inc. purchased a new position in AST SpaceMobile in the third quarter worth approximately $90,129,000. Voya Investment Management LLC grew its holdings in AST SpaceMobile by 1,992.5% during the 1st quarter. Voya Investment Management LLC now owns 843,554 shares of the company’s stock worth $19,182,000 after acquiring an additional 803,240 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of AST SpaceMobile in the 1st quarter valued at approximately $14,750,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ASTS shares. UBS Group cut AST SpaceMobile from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $62.00 to $43.00 in a research note on Tuesday, September 9th. Zacks Research cut AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Roth Capital reiterated a “buy” rating on shares of AST SpaceMobile in a research note on Tuesday, August 12th. Barclays lowered shares of AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AST SpaceMobile in a report on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.66.

AST SpaceMobile Company Profile

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.