American Capital Advisory LLC Makes New Investment in AST SpaceMobile, Inc. (NASDAQ:ASTS)

American Capital Advisory LLC purchased a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,752 shares of the company's stock, valued at approximately $472,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASTS. Sunbelt Securities Inc. increased its holdings in AST SpaceMobile by 61.9% in the 1st quarter. Sunbelt Securities Inc. now owns 1,321 shares of the company's stock worth $30,000 after acquiring an additional 505 shares in the last quarter. GAMMA Investing LLC boosted its stake in AST SpaceMobile by 388.7% during the 1st quarter. GAMMA Investing LLC now owns 1,559 shares of the company's stock worth $35,000 after purchasing an additional 1,240 shares during the last quarter. Summit Securities Group LLC acquired a new stake in AST SpaceMobile during the 4th quarter worth $37,000. Bernard Wealth Management Corp. acquired a new stake in AST SpaceMobile during the 4th quarter worth $42,000. Finally, UMB Bank n.a. acquired a new stake in AST SpaceMobile during the 1st quarter worth $45,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

AST SpaceMobile Trading Up 0.4%

Shares of ASTS stock traded up $0.17 on Friday, hitting $45.88. 6,101,742 shares of the stock traded hands, compared to its average volume of 12,757,548. The firm's 50-day moving average price is $32.88 and its two-hundred day moving average price is $27.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 10.62 and a current ratio of 10.62. The stock has a market capitalization of $14.52 billion, a PE ratio of -23.05 and a beta of 2.27. AST SpaceMobile, Inc. has a twelve month low of $11.41 and a twelve month high of $54.05.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.03). AST SpaceMobile had a negative net margin of 7,033.22% and a negative return on equity of 23.56%. The company had revenue of $0.72 million during the quarter, compared to analyst estimates of $3.85 million. As a group, analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. B. Riley reaffirmed a "buy" rating and set a $44.00 target price (up previously from $36.00) on shares of AST SpaceMobile in a research note on Monday, June 16th. Roth Capital assumed coverage on shares of AST SpaceMobile in a research note on Thursday, April 10th. They set a "buy" rating and a $42.00 target price on the stock. Oppenheimer assumed coverage on shares of AST SpaceMobile in a research note on Monday, May 5th. They set a "market perform" rating on the stock. Bank of America assumed coverage on shares of AST SpaceMobile in a research note on Wednesday, June 25th. They set a "neutral" rating and a $55.00 target price on the stock. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $45.40 target price on shares of AST SpaceMobile in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.34.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 55,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $26.82, for a total value of $1,475,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Shanti B. Gupta sold 15,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $36.08, for a total transaction of $541,200.00. Following the sale, the chief operating officer owned 315,667 shares in the company, valued at $11,389,265.36. This trade represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,250 shares of company stock valued at $6,146,750 over the last 90 days. 34.15% of the stock is owned by insiders.

AST SpaceMobile 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.