Analysts Set AST SpaceMobile, Inc. (NASDAQ:ASTS) PT at $45.27

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $45.2714.

Several research analysts have issued reports on the company. Bank of America assumed coverage on AST SpaceMobile in a research report on Wednesday, June 25th. They issued a “neutral” rating and a $55.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Saturday, September 27th. William Blair assumed coverage on AST SpaceMobile in a research report on Thursday, August 21st. They issued a “market perform” rating on the stock. Roth Capital reissued a “buy” rating on shares of AST SpaceMobile in a research report on Tuesday, August 12th. Finally, Zacks Research raised AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th.

AST SpaceMobile Trading Up 7.6%

AST SpaceMobile stock opened at $72.90 on Thursday. 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 has a one year low of $17.50 and a one year high of $74.77. The stock has a market capitalization of $26.14 billion, a PE ratio of -38.57 and a beta of 2.41. The business’s fifty day moving average is $48.58 and its 200 day moving average is $38.69.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.22). The business had revenue of $1.16 million for the quarter, compared to analysts’ expectations of $6.37 million. AST SpaceMobile had a negative net margin of 7,213.90% and a negative return on equity of 26.81%. On average, sell-side analysts predict that AST SpaceMobile will post -0.4 EPS for the current year.

Insider Transactions at AST SpaceMobile

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ASTS. Two Sigma Investments LP lifted its position in shares of AST SpaceMobile by 117.5% during the 4th quarter. Two Sigma Investments LP now owns 51,874 shares of the company’s stock valued at $1,095,000 after buying an additional 28,025 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in AST SpaceMobile during the 4th quarter valued at approximately $217,000. California State Teachers Retirement System raised its stake in AST SpaceMobile by 15.2% during the 4th quarter. California State Teachers Retirement System now owns 147,430 shares of the company’s stock valued at $3,111,000 after purchasing an additional 19,471 shares during the period. GAMMA Investing LLC raised its stake in AST SpaceMobile by 11,013.5% during the 1st quarter. GAMMA Investing LLC now owns 35,452 shares of the company’s stock valued at $8,060,000 after purchasing an additional 35,133 shares during the period. Finally, UMB Bank n.a. bought a new stake in AST SpaceMobile during the 1st quarter valued at approximately $45,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.