Guggenheim Capital LLC Buys 14,732 Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS)

Guggenheim Capital LLC increased its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 134.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,677 shares of the company's stock after buying an additional 14,732 shares during the period. Guggenheim Capital LLC's holdings in AST SpaceMobile were worth $542,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Summit Securities Group LLC bought a new position in shares of AST SpaceMobile in the fourth quarter worth $37,000. Golden State Wealth Management LLC acquired a new stake in shares of AST SpaceMobile during the fourth quarter worth $46,000. CIBC Private Wealth Group LLC lifted its holdings in shares of AST SpaceMobile by 106.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,372 shares of the company's stock valued at $53,000 after purchasing an additional 1,222 shares during the last quarter. AlphaQuest LLC purchased a new position in AST SpaceMobile in the 4th quarter worth about $67,000. Finally, SRS Capital Advisors Inc. raised its holdings in AST SpaceMobile by 554.5% during the 4th 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 period. Institutional investors own 60.95% of the company's stock.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 20,000 shares of AST SpaceMobile stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.73, for a total value of $614,600.00. Following the transaction, the director now directly owns 52,628 shares of the company's stock, valued at $1,617,258.44. The trade was a 27.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 41.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on ASTS. Scotiabank reiterated an "outperform" rating on shares of AST SpaceMobile in a report on Wednesday, March 5th. UBS Group increased their target price on AST SpaceMobile from $31.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $30.00 price target on shares of AST SpaceMobile in a report on Tuesday, March 4th. Finally, Roth Capital assumed coverage on AST SpaceMobile in a research note on Thursday, April 10th. They issued a "buy" rating and a $42.00 price objective for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AST SpaceMobile presently has an average rating of "Buy" and a consensus target price of $42.82.

AST SpaceMobile Stock Up 1.0 %

Shares of NASDAQ:ASTS traded up $0.23 during midday trading on Thursday, hitting $23.44. 1,648,428 shares of the stock were exchanged, compared to its average volume of 12,500,613. The company has a market capitalization of $7.42 billion, a PE ratio of -11.13 and a beta of 1.81. The business's fifty day simple moving average is $25.15 and its two-hundred day simple moving average is $24.59. AST SpaceMobile, Inc. has a 52-week low of $2.12 and a 52-week high of $39.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80.

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.