SG Americas Securities LLC Buys New Stake in AST SpaceMobile, Inc. (NASDAQ:ASTS)

SG Americas Securities LLC acquired a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 19,075 shares of the company’s stock, valued at approximately $115,000.

Several other large investors have also recently added to or reduced their stakes in ASTS. Raymond James & Associates bought a new stake in AST SpaceMobile during the first quarter worth about $102,000. Cambridge Investment Research Advisors Inc. bought a new stake in AST SpaceMobile during the first quarter worth about $358,000. HighTower Advisors LLC grew its stake in AST SpaceMobile by 97.9% during the first quarter. HighTower Advisors LLC now owns 22,135 shares of the company’s stock worth $221,000 after buying an additional 10,950 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in AST SpaceMobile by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 48,519 shares of the company’s stock worth $485,000 after buying an additional 6,246 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in AST SpaceMobile by 18.8% during the first quarter. Penserra Capital Management LLC now owns 151,139 shares of the company’s stock worth $1,507,000 after buying an additional 23,910 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ASTS has been the topic of several research analyst reports. Scotiabank decreased their price objective on shares of AST SpaceMobile from $7.50 to $7.40 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 2nd. UBS Group initiated coverage on shares of AST SpaceMobile in a research note on Friday, March 8th. They set a “buy” rating and a $7.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of AST SpaceMobile from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd.

AST SpaceMobile Price Performance

ASTS opened at $2.14 on Friday. AST SpaceMobile, Inc. has a one year low of $1.97 and a one year high of $7.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.31 and a quick ratio of 2.31. The company’s 50 day simple moving average is $2.84 and its 200-day simple moving average is $3.72. The stock has a market capitalization of $547.93 million, a P/E ratio of -2.04 and a beta of 0.87.

AST SpaceMobile Company Profile

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