AST SpaceMobile, Inc. $ASTS is Sender Co & Partners Inc.'s 5th Largest Position

Key Points

• Sender Co & Partners Inc. increased its stake in AST SpaceMobile, Inc. by 44.8%, holding approximately $6.72 million worth of shares after purchasing an additional 91,352 shares during the first quarter.
• Several institutional investors, including Alphabet Inc. and Rakuten Group Inc., invested significantly in AST SpaceMobile, with Rakuten's position valued at approximately $705 million.
• Equities research analysts have mixed opinions, with some firms issuing a "buy" rating and price targets ranging from $42.90 to $62.00 for AST SpaceMobile shares.

Sender Co & Partners Inc. lifted its position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 44.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,376 shares of the company's stock after acquiring an additional 91,352 shares during the quarter. AST SpaceMobile makes up approximately 3.5% of Sender Co & Partners Inc.'s portfolio, making the stock its 5th largest position. Sender Co & Partners Inc. owned about 0.09% of AST SpaceMobile worth $6,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ASTS. Sunbelt Securities Inc. lifted its position in shares of AST SpaceMobile by 61.9% during the first quarter. Sunbelt Securities Inc. now owns 1,321 shares of the company's stock valued at $30,000 after purchasing an additional 505 shares in the last quarter. GAMMA Investing LLC increased its stake in AST SpaceMobile by 388.7% in the 1st quarter. GAMMA Investing LLC now owns 1,559 shares of the company's stock valued at $35,000 after buying an additional 1,240 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of AST SpaceMobile during the 1st quarter worth approximately $41,000. Close Asset Management Ltd lifted its position in shares of AST SpaceMobile by 72.4% during the 1st quarter. Close Asset Management Ltd now owns 1,810 shares of the company's stock worth $41,000 after buying an additional 760 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in shares of AST SpaceMobile in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

AST SpaceMobile Stock Performance

NASDAQ ASTS traded down $3.86 during trading on Tuesday, hitting $36.91. 22,472,123 shares of the company's stock traded hands, compared to its average volume of 8,645,358. The company has a debt-to-equity ratio of 0.42, a quick ratio of 8.23 and a current ratio of 8.23. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of -19.53 and a beta of 2.43. AST SpaceMobile, Inc. has a 12-month low of $17.50 and a 12-month high of $60.95. The business has a 50 day moving average of $49.12 and a 200-day moving average of $35.76.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.22). AST SpaceMobile had a negative return on equity of 26.81% and a negative net margin of 7,213.90%.The business had revenue of $1.16 million during the quarter, compared to analysts' expectations of $6.37 million. As a group, equities research analysts anticipate that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ASTS has been the subject of a number of research analyst reports. B. Riley reaffirmed a "buy" rating and set a $44.00 price target (up from $36.00) on shares of AST SpaceMobile in a research report on Monday, June 16th. Scotiabank decreased their target price on AST SpaceMobile from $45.40 to $42.90 and set a "sector perform" rating for the company in a research report on Thursday, August 7th. Zacks Research raised shares of AST SpaceMobile from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Roth Capital restated a "buy" rating on shares of AST SpaceMobile in a research report on Tuesday, August 12th. Finally, Bank of America began coverage on shares of AST SpaceMobile in a research report on Wednesday, June 25th. They issued a "neutral" rating and a $55.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.82.

Insiders Place Their Bets

In other news, CFO Andrew Martin Johnson sold 20,000 shares of AST SpaceMobile stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $52.48, for a total value of $1,049,600.00. Following the completion of the transaction, the chief financial officer directly owned 397,485 shares in the company, valued at approximately $20,860,012.80. The trade was a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Shanti B. Gupta sold 10,000 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $41.84, for a total value of $418,400.00. Following the sale, the chief operating officer owned 305,667 shares in the company, valued at approximately $12,789,107.28. The trade was a 3.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 41.80% of the company's stock.

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.