Sender Co & Partners Inc. Buys New Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Sender Co & Partners Inc. purchased a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,280 shares of the company’s stock, valued at approximately $177,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in AST SpaceMobile by 49.9% during the first quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock worth $19,325,000 after acquiring an additional 2,217,531 shares during the last quarter. American International Group Inc. lifted its position in AST SpaceMobile by 41.5% during the first quarter. American International Group Inc. now owns 56,527 shares of the company’s stock valued at $164,000 after buying an additional 16,568 shares in the last quarter. Virtu Financial LLC purchased a new stake in AST SpaceMobile during the fourth quarter worth approximately $259,000. PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 124,322 shares in the last quarter. Finally, NewGen Asset Management Ltd acquired a new stake in shares of AST SpaceMobile in the second quarter worth $2,902,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. UBS Group boosted their price objective on AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Scotiabank increased their target price on AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Finally, B. Riley boosted their price target on AST SpaceMobile from $26.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.

Insiders Place Their Bets

In related news, Director Adriana Cisneros purchased 4,934 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $26.32 per share, with a total value of $129,862.88. Following the completion of the transaction, the director now owns 774,772 shares of the company’s stock, valued at $20,391,999.04. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 56.56% of the stock is owned by company insiders.

AST SpaceMobile Stock Performance

Shares of ASTS stock opened at $23.83 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.38 and a quick ratio of 6.38. The company’s fifty day moving average price is $25.23 and its two-hundred day moving average price is $12.65. The firm has a market capitalization of $6.14 billion, a P/E ratio of -24.32 and a beta of 1.63. AST SpaceMobile, Inc. has a 12 month low of $1.97 and a 12 month high of $39.08.

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

About AST SpaceMobile

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.