AST SpaceMobile, Inc. $ASTS Shares Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. boosted its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 13.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,155 shares of the company’s stock after buying an additional 7,536 shares during the period. SBI Securities Co. Ltd.’s holdings in AST SpaceMobile were worth $3,149,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ASTS. Atlantic Union Bankshares Corp purchased a new position in shares of AST SpaceMobile during the 2nd quarter worth $28,000. Geneos Wealth Management Inc. grew its holdings in shares of AST SpaceMobile by 225.0% in the third quarter. Geneos Wealth Management Inc. now owns 650 shares of the company’s stock valued at $32,000 after purchasing an additional 450 shares during the period. Binnacle Investments Inc acquired a new stake in AST SpaceMobile during the second quarter worth about $33,000. Hollencrest Capital Management purchased a new position in AST SpaceMobile during the third quarter worth about $39,000. Finally, Chapman Financial Group LLC acquired a new position in AST SpaceMobile in the 2nd quarter valued at about $38,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

AST SpaceMobile Price Performance

ASTS opened at $93.27 on Friday. The stock’s 50-day moving average price is $87.80 and its 200 day moving average price is $68.60. AST SpaceMobile, Inc. has a 12-month low of $18.22 and a 12-month high of $129.89. The firm has a market cap of $34.23 billion, a price-to-earnings ratio of -75.22 and a beta of 2.70. The company has a current ratio of 9.56, a quick ratio of 9.48 and a debt-to-equity ratio of 0.43.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. B. Riley downgraded shares of AST SpaceMobile from a “buy” rating to a “neutral” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of AST SpaceMobile in a research note on Tuesday, January 20th. Barclays cut AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price target for the company. in a report on Friday, October 17th. Zacks Research lowered shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Finally, Scotiabank cut shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 target price on the stock. in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $45.66.

Insider Activity

In other AST SpaceMobile news, Director Keith R. Larson bought 625 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were purchased at an average cost of $80.00 per share, with a total value of $50,000.00. Following the purchase, the director directly owned 2,015 shares in the company, valued at approximately $161,200. This represents a 44.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $73.52, for a total transaction of $2,940,800.00. Following the completion of the transaction, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at $349,220. This represents a 89.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 2,765 shares of company stock worth $187,236 and sold 2,354,621 shares worth $164,348,075. Corporate insiders own 30.90% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.