AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 181.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,203 shares of the company's stock after purchasing an additional 137,392 shares during the period. Deutsche Bank AG owned approximately 0.07% of AST SpaceMobile worth $4,499,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of AST SpaceMobile in the fourth quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in shares of AST SpaceMobile in the fourth quarter worth $46,000. CIBC Private Wealth Group LLC increased its stake in shares of AST SpaceMobile by 106.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,372 shares of the company's stock worth $53,000 after buying an additional 1,222 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of AST SpaceMobile in the fourth quarter worth $67,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of AST SpaceMobile by 554.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,482 shares of the company's stock worth $73,000 after buying an additional 2,950 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insider Activity

In other news, Director Julio A. Torres sold 20,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.73, for a total transaction of $614,600.00. Following the completion of the transaction, the director now owns 52,628 shares of the company's stock, valued at approximately $1,617,258.44. The trade was a 27.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Huiwen Yao sold 55,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $26.82, for a total transaction of $1,475,100.00. The disclosure for this sale can be found here. Corporate insiders own 34.15% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ASTS shares. Oppenheimer started coverage on shares of AST SpaceMobile in a research note on Monday, May 5th. They issued a "market perform" rating for the company. UBS Group lifted their price target on shares of AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Scotiabank dropped their price target on shares of AST SpaceMobile from $47.90 to $45.40 and set a "sector outperform" rating for the company in a research note on Tuesday, May 13th. Roth Capital initiated coverage on shares of AST SpaceMobile in a report on Thursday, April 10th. They issued a "buy" rating and a $42.00 price objective for the company. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $30.00 price objective on shares of AST SpaceMobile in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

AST SpaceMobile Stock Performance

AST SpaceMobile stock traded up $0.58 during mid-day trading on Thursday, reaching $24.41. The company's stock had a trading volume of 8,298,682 shares, compared to its average volume of 12,533,077. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of -11.51 and a beta of 2.05. The business has a 50 day moving average price of $24.23 and a 200-day moving average price of $24.51. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile, Inc. has a twelve month low of $4.00 and a twelve month high of $39.08.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The firm had revenue of $0.72 million for the quarter, compared to the consensus estimate of $3.85 million. Sell-side analysts predict that AST SpaceMobile, Inc. will post -0.4 EPS 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.