11,941 Shares in AST SpaceMobile, Inc. $ASTS Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC bought a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,941 shares of the company’s stock, valued at approximately $558,000.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of AST SpaceMobile by 25.2% in the second quarter. Signaturefd LLC now owns 1,826 shares of the company’s stock valued at $85,000 after purchasing an additional 367 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AST SpaceMobile by 2.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,641 shares of the company’s stock valued at $759,000 after buying an additional 392 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of AST SpaceMobile by 61.9% during the first quarter. Sunbelt Securities Inc. now owns 1,321 shares of the company’s stock valued at $30,000 after buying an additional 505 shares in the last quarter. waypoint wealth counsel grew its holdings in shares of AST SpaceMobile by 3.5% during the second quarter. waypoint wealth counsel now owns 16,746 shares of the company’s stock valued at $783,000 after buying an additional 565 shares in the last quarter. Finally, Xponance Inc. grew its holdings in shares of AST SpaceMobile by 5.9% during the first quarter. Xponance Inc. now owns 10,244 shares of the company’s stock valued at $233,000 after buying an additional 568 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $40.58, for a total value of $1,623,200.00. Following the completion of the sale, the chief technology officer owned 4,750 shares of the company’s stock, valued at $192,755. The trade was a 89.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Martin Johnson sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $52.48, for a total value of $1,049,600.00. Following the completion of the sale, the chief financial officer directly owned 397,485 shares of the company’s stock, valued at $20,860,012.80. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. 41.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ASTS shares. Roth Capital reiterated a “buy” rating on shares of AST SpaceMobile in a report on Tuesday, August 12th. Barclays downgraded AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a report on Friday. Zacks Research upgraded AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Scotiabank downgraded AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $42.90 price target on the stock. in a report on Tuesday, October 7th. Finally, UBS Group downgraded AST SpaceMobile from a “buy” rating to a “neutral” rating and lowered their price target for the company from $62.00 to $43.00 in a report on Tuesday, September 9th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, AST SpaceMobile has a consensus rating of “Hold” and an average price target of $45.27.

AST SpaceMobile Price Performance

Shares of NASDAQ:ASTS opened at $78.61 on Wednesday. AST SpaceMobile, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $102.79. The business has a 50-day moving average of $56.21 and a two-hundred day moving average of $43.25. The stock has a market capitalization of $28.18 billion, a P/E ratio of -41.59 and a beta of 2.41. The company has a debt-to-equity ratio of 0.42, a current ratio of 8.23 and a quick ratio of 8.23.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.22). AST SpaceMobile had a negative return on equity of 26.81% and a negative net margin of 7,213.90%.The company had revenue of $1.16 million during the quarter, compared to analyst estimates of $6.37 million. On average, equities research analysts predict that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.

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.