Scott Wisniewski Sells 2,700 Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) Stock

AST SpaceMobile, Inc. (NASDAQ:ASTSGet Free Report) President Scott Wisniewski sold 2,700 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $23.12, for a total value of $62,424.00. Following the sale, the president now directly owns 712,660 shares in the company, valued at approximately $16,476,699.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AST SpaceMobile Stock Performance

AST SpaceMobile stock opened at $24.11 on Wednesday. The stock’s 50-day moving average is $25.95 and its 200-day moving average is $13.25. The company has a market cap of $6.21 billion, a price-to-earnings ratio of -24.60 and a beta of 1.63. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.38 and a quick ratio of 6.38. AST SpaceMobile, Inc. has a 12 month low of $1.97 and a 12 month high of $39.08.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The firm had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $2.00 million. Equities analysts anticipate that AST SpaceMobile, Inc. will post -0.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. B. Riley raised their price target on AST SpaceMobile from $26.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft raised their price target on AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Scotiabank raised their price target on AST SpaceMobile from $28.00 to $45.90 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. Finally, UBS Group raised their price target on AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th.

Check Out Our Latest Analysis on ASTS

Hedge Funds Weigh In On AST SpaceMobile

A number of large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of AST SpaceMobile by 5.5% in the 2nd quarter. Victory Capital Management Inc. now owns 15,542 shares of the company’s stock worth $180,000 after purchasing an additional 814 shares during the period. Accordant Advisory Group Inc raised its holdings in shares of AST SpaceMobile by 2.0% during the 2nd quarter. Accordant Advisory Group Inc now owns 162,823 shares of the company’s stock valued at $1,890,000 after buying an additional 3,146 shares during the period. MBE Wealth Management LLC raised its holdings in shares of AST SpaceMobile by 34.1% during the 2nd quarter. MBE Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $313,000 after buying an additional 6,870 shares during the period. Cantor Fitzgerald L. P. purchased a new stake in shares of AST SpaceMobile during the 4th quarter valued at about $66,000. Finally, Calton & Associates Inc. purchased a new stake in shares of AST SpaceMobile during the 2nd quarter valued at about $128,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

AST SpaceMobile Company Profile

(Get Free Report)

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.

Further Reading

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