Lido Advisors LLC Takes Position in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Lido Advisors LLC bought a new stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,515 shares of the company's stock, valued at approximately $370,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in AST SpaceMobile by 235.9% during the third quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company's stock valued at $6,479,000 after buying an additional 174,007 shares during the last quarter. Key Colony Management LLC grew its position in AST SpaceMobile by 44.1% in the fourth quarter. Key Colony Management LLC now owns 196,000 shares of the company's stock worth $4,136,000 after acquiring an additional 60,000 shares in the last quarter. Lake Hills Wealth Management LLC purchased a new stake in AST SpaceMobile during the fourth quarter valued at approximately $374,000. KBC Group NV increased its position in shares of AST SpaceMobile by 63.8% during the 4th quarter. KBC Group NV now owns 6,509 shares of the company's stock valued at $137,000 after purchasing an additional 2,536 shares during the last quarter. Finally, MBE Wealth Management LLC boosted its stake in AST SpaceMobile by 7.0% during the fourth quarter. MBE Wealth Management LLC now owns 39,718 shares of the company's stock worth $838,000 after buying an additional 2,602 shares during the period. 60.95% of the stock is currently owned by institutional investors.

AST SpaceMobile Stock Up 2.0 %

Shares of ASTS stock traded up $0.51 during mid-day trading on Friday, hitting $25.76. 7,670,122 shares of the stock traded hands, compared to its average volume of 12,705,074. The stock's fifty day moving average is $24.94 and its two-hundred day moving average is $24.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80. AST SpaceMobile, Inc. has a 52-week low of $2.12 and a 52-week high of $39.08. The stock has a market cap of $8.15 billion, a P/E ratio of -12.15 and a beta of 2.05.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 20,000 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.73, for a total value of $614,600.00. Following the completion of the sale, the director now directly owns 52,628 shares in the company, valued at approximately $1,617,258.44. This trade represents a 27.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 41.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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