Voya Investment Management LLC Has $19.18 Million Stake in AST SpaceMobile, Inc. $ASTS

Voya Investment Management LLC lifted its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 1,992.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 843,554 shares of the company's stock after purchasing an additional 803,240 shares during the period. Voya Investment Management LLC owned approximately 0.27% of AST SpaceMobile worth $19,182,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Alphabet Inc. acquired a new position in shares of AST SpaceMobile during the first quarter worth approximately $203,375,000. Rakuten Group Inc. acquired a new position in shares of AST SpaceMobile during the first quarter worth approximately $705,398,000. Jump Financial LLC acquired a new position in shares of AST SpaceMobile during the first quarter worth approximately $14,750,000. Two Sigma Investments LP lifted its position in shares of AST SpaceMobile by 117.5% during the fourth quarter. Two Sigma Investments LP now owns 51,874 shares of the company's stock worth $1,095,000 after purchasing an additional 28,025 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new position in shares of AST SpaceMobile during the fourth quarter worth approximately $4,220,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $52.48, for a total value of $1,049,600.00. Following the completion of the sale, the chief financial officer owned 397,485 shares of the company's stock, valued at approximately $20,860,012.80. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 41.80% of the company's stock.

AST SpaceMobile Stock Up 0.9%

Shares of NASDAQ:ASTS opened at $38.72 on Monday. AST SpaceMobile, Inc. has a 52 week low of $17.50 and a 52 week high of $60.95. 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 company has a market capitalization of $13.88 billion, a PE ratio of -20.49 and a beta of 2.43. The company has a 50 day moving average price of $48.67 and a two-hundred day moving average price of $36.05.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Roth Capital restated a "buy" rating on shares of AST SpaceMobile in a report on Tuesday, August 12th. William Blair assumed coverage on shares of AST SpaceMobile in a report on Thursday, August 21st. They issued a "market perform" rating on the stock. Scotiabank cut their price objective on shares of AST SpaceMobile from $45.40 to $42.90 and set a "sector perform" rating on the stock in a report on Thursday, August 7th. Zacks Research upgraded shares of AST SpaceMobile from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, Bank of America assumed coverage on shares of AST SpaceMobile in a report on Wednesday, June 25th. They issued a "neutral" rating and a $55.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $42.82.

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.

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