2 weeks Ago By ABMN Staff
AST SpaceMobile, Inc. ( NASDAQ:ASTS – Get Free Report ) gapped down prior to trading on Friday . The stock had previously closed at $23.
83, but opened at $23.15. AST SpaceMobile shares last traded at $22.
56, with a volume of 3,128,711 shares changing hands. Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on ASTS. B.
Riley boosted their target price on shares of AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 29th.
Deutsche Bank Aktiengesellschaft lifted their price target on shares of AST SpaceMobile from $22.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th.
Scotiabank raised their price objective on AST SpaceMobile from $28.00 to $45.90 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th.
Finally, UBS Group upped their target price on AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, August 15th.
Get Our Latest Research Report on AST SpaceMobile AST SpaceMobile Stock Performance AST SpaceMobile ( NASDAQ:ASTS – Get Free Report ) last issued its earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.
19) by $0.05. The company had revenue of $0.
90 million during the quarter, compared to analyst estimates of $2.00 million. Research analysts forecast that AST SpaceMobile, Inc.
will post -0.88 earnings per share for the current year. Insider Transactions at AST SpaceMobile In other AST SpaceMobile news, Director Adriana Cisneros bought 4,934 shares of the business’s stock in a transaction that occurred on Friday, September 6th.
The shares were acquired at an average cost of $26.32 per share, for a total transaction of $129,862.88.
Following the transaction, the director now directly owns 774,772 shares in the company, valued at $20,391,999.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
Company insiders own 56.56% of the company’s stock. Hedge Funds Weigh In On AST SpaceMobile A number of hedge funds and other institutional investors have recently made changes to their positions in ASTS.
B. Riley Wealth Advisors Inc. acquired a new position in AST SpaceMobile in the second quarter valued at $278,000.
Scientech Research LLC acquired a new stake in AST SpaceMobile during the second quarter worth approximately $774,000. Sender Co & Partners Inc. acquired a new position in AST SpaceMobile in the second quarter valued at approximately $177,000.
The Manufacturers Life Insurance Company grew its position in shares of AST SpaceMobile by 31.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,209 shares of the company’s stock worth $595,000 after buying an additional 12,391 shares during the period.
Finally, Marshall Wace LLP increased its stake in shares of AST SpaceMobile by 150.4% in the 2nd quarter. Marshall Wace LLP now owns 126,685 shares of the company’s stock valued at $1,471,000 after acquiring an additional 76,088 shares in the last quarter.
60.95% of the stock is owned by institutional investors and hedge funds. About AST SpaceMobile ( Get 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. See Also Receive News & Ratings for AST SpaceMobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AST SpaceMobile and related companies with MarketBeat.
com's FREE daily email newsletter ..
