Victory Capital Management Inc. Has $180,000 Position in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Victory Capital Management Inc. raised its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,542 shares of the company’s stock after acquiring an additional 814 shares during the quarter. Victory Capital Management Inc.’s holdings in AST SpaceMobile were worth $180,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of AST SpaceMobile by 209.9% during the 1st quarter. Janus Henderson Group PLC now owns 7,450,467 shares of the company’s stock valued at $21,606,000 after purchasing an additional 5,046,667 shares in the last quarter. Vanguard Group Inc. raised its holdings in AST SpaceMobile by 49.9% during the first quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock valued at $19,325,000 after buying an additional 2,217,531 shares in the last quarter. Broad Run Investment Management LLC raised its holdings in AST SpaceMobile by 74.8% during the fourth quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company’s stock valued at $23,896,000 after buying an additional 1,695,805 shares in the last quarter. Masters Capital Management LLC acquired a new stake in shares of AST SpaceMobile in the first quarter worth about $2,900,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of AST SpaceMobile by 56.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,769 shares of the company’s stock worth $5,489,000 after acquiring an additional 170,440 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Adriana Cisneros bought 4,934 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $26.32 per share, with a total value of $129,862.88. Following the completion of the transaction, the director now directly owns 774,772 shares in the company, valued at $20,391,999.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 56.56% of the stock is owned by company insiders.

AST SpaceMobile Stock Performance

Shares of NASDAQ ASTS opened at $25.85 on Wednesday. AST SpaceMobile, Inc. has a 12 month low of $1.97 and a 12 month high of $39.08. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83. The company has a market cap of $6.66 billion, a P/E ratio of -26.38 and a beta of 1.63. The business’s 50 day moving average is $24.78 and its two-hundred day moving average is $12.49.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company had revenue of $0.90 million for the quarter, compared to analyst estimates of $2.00 million. On average, equities analysts expect that AST SpaceMobile, Inc. will post -0.88 EPS for the current year.

Analyst Ratings Changes

ASTS has been the topic of a number of recent analyst reports. B. Riley raised their price objective on AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Scotiabank lifted their price target on shares of 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 upped their price objective on shares of AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th.

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.