Capital Research Global Investors Makes New Investment in AST SpaceMobile, Inc. $ASTS

Key Points

• Capital Research Global Investors bought a new stake of 307,215 shares in AST SpaceMobile worth about $15.08 million, representing roughly 0.09% ownership at the end of the quarter.
• AST SpaceMobile reported a quarterly revenue beat — $54.31M (up 2,731% YoY) — but missed on EPS (‑$0.26 vs. ‑$0.18 est.) and remains unprofitable with a deeply negative net margin and ROE.
• Wall Street sentiment is mixed-to-negative with a consensus rating of "Reduce" and a $63.77 consensus price target (2 Buys, 6 Holds, 3 Sells among analysts).

Capital Research Global Investors purchased a new stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 307,215 shares of the company's stock, valued at approximately $15,078,000. Capital Research Global Investors owned 0.09% of AST SpaceMobile at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. REAP Financial Group LLC acquired a new position in shares of AST SpaceMobile during the 3rd quarter worth about $25,000. Geneos Wealth Management Inc. grew its holdings in AST SpaceMobile by 225.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 650 shares of the company's stock valued at $32,000 after buying an additional 450 shares during the last quarter. Binnacle Investments Inc acquired a new stake in AST SpaceMobile in the 2nd quarter valued at approximately $33,000. Atlantic Union Bankshares Corp increased its position in AST SpaceMobile by 30.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 781 shares of the company's stock worth $38,000 after buying an additional 180 shares during the period. Finally, Chapman Financial Group LLC bought a new position in AST SpaceMobile in the 2nd quarter worth approximately $38,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, Director Keith R. Larson purchased 625 shares of the stock in a transaction on Wednesday, December 24th. The shares were purchased at an average price of $80.00 per share, with a total value of $50,000.00. Following the acquisition, the director directly owned 2,015 shares of the company's stock, valued at $161,200. This represents a 44.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 30.90% of the stock is owned by company insiders.

AST SpaceMobile Price Performance

Shares of NASDAQ:ASTS opened at $87.09 on Friday. AST SpaceMobile, Inc. has a 1-year low of $18.22 and a 1-year high of $129.89. The firm has a market capitalization of $31.96 billion, a PE ratio of -65.98 and a beta of 2.77. The business's 50 day moving average is $96.29 and its 200-day moving average is $75.12. The company has a current ratio of 16.35, a quick ratio of 16.27 and a debt-to-equity ratio of 0.92.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). The firm had revenue of $54.31 million for the quarter, compared to the consensus estimate of $39.53 million. AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The business's revenue was up 2731.3% compared to the same quarter last year. Sell-side analysts predict that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ASTS. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of AST SpaceMobile in a research report on Tuesday, January 20th. Scotiabank lowered shares of AST SpaceMobile from a "sector perform" rating to a "sector underperform" rating and set a $45.60 target price on the stock. in a research report on Wednesday, January 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of AST SpaceMobile in a research note on Monday, December 29th. UBS Group increased their price target on shares of AST SpaceMobile from $43.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, March 4th. Finally, B. Riley Financial decreased their price target on shares of AST SpaceMobile from $105.00 to $95.00 and set a "neutral" rating on the stock in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $63.77.

AST SpaceMobile Company Profile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company's core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.

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