AST SpaceMobile (NASDAQ:ASTS – Free Report) had its price objective reduced by Scotiabank from $44.70 to $40.20 in a research report report published on Friday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.
Separately, UBS Group raised their target price on AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.
Get Our Latest Research Report on AST SpaceMobile
AST SpaceMobile Trading Up 2.8 %
Institutional Investors Weigh In On AST SpaceMobile
Several large investors have recently modified their holdings of the stock. Amalgamated Bank increased its position in shares of AST SpaceMobile by 17.4% during the 3rd quarter. Amalgamated Bank now owns 4,578 shares of the company’s stock worth $120,000 after purchasing an additional 679 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of AST SpaceMobile during the third quarter worth approximately $26,000. Hollencrest Capital Management acquired a new position in shares of AST SpaceMobile in the 3rd quarter worth approximately $26,000. Calton & Associates Inc. grew its position in AST SpaceMobile by 14.5% during the 3rd quarter. Calton & Associates Inc. now owns 12,600 shares of the company’s stock worth $329,000 after acquiring an additional 1,600 shares during the last quarter. Finally, KBC Group NV grew its position in AST SpaceMobile by 63.8% during the 4th quarter. KBC Group NV now owns 6,509 shares of the company’s stock worth $137,000 after acquiring an additional 2,536 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.
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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