AST SpaceMobile (NASDAQ:ASTS – Free Report) had its price objective lifted by B. Riley from $26.00 to $36.00 in a report published on Thursday, Benzinga reports. B. Riley currently has a buy rating on the stock.
A number of other equities research analysts have also commented on the company. Scotiabank increased their price target on AST SpaceMobile from $28.00 to $45.90 and gave the company a sector outperform rating in a research report on Monday, August 26th. UBS Group increased their target price on shares of AST SpaceMobile from $13.00 to $30.00 and gave the company a buy rating in a report on Thursday, August 15th.
View Our Latest Stock Analysis on ASTS
AST SpaceMobile Stock Performance
Hedge Funds Weigh In On AST SpaceMobile
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in AST SpaceMobile by 49.9% in the first quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock valued at $19,325,000 after acquiring an additional 2,217,531 shares during the last quarter. American International Group Inc. lifted its stake in AST SpaceMobile by 41.5% in the first quarter. American International Group Inc. now owns 56,527 shares of the company’s stock valued at $164,000 after purchasing an additional 16,568 shares during the last quarter. Virtu Financial LLC bought a new position in AST SpaceMobile during the fourth quarter valued at $259,000. PNC Financial Services Group Inc. increased its position in AST SpaceMobile by 319.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 163,296 shares of the company’s stock worth $985,000 after buying an additional 124,322 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of AST SpaceMobile in the second quarter valued at $334,000. Institutional investors own 60.95% of the company’s stock.
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.
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