Prospera Financial Services Inc purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,987 shares of the company’s stock, valued at approximately $362,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investmark Advisory Group LLC lifted its stake in shares of AST SpaceMobile by 2.7% in the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock valued at $337,000 after buying an additional 120 shares during the period. ORG Partners LLC lifted its stake in shares of AST SpaceMobile by 4.2% in the fourth quarter. ORG Partners LLC now owns 3,283 shares of the company’s stock valued at $238,000 after buying an additional 133 shares during the period. Atlantic Union Bankshares Corp lifted its stake in shares of AST SpaceMobile by 18.2% in the fourth quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock valued at $67,000 after buying an additional 142 shares during the period. Larson Financial Group LLC lifted its stake in shares of AST SpaceMobile by 39.0% in the fourth quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock valued at $37,000 after buying an additional 144 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of AST SpaceMobile by 22.9% in the third quarter. Sunbelt Securities Inc. now owns 1,003 shares of the company’s stock valued at $49,000 after buying an additional 187 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.
AST SpaceMobile Price Performance
Shares of ASTS opened at $113.41 on Monday. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of -63.71 and a beta of 2.70. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. AST SpaceMobile, Inc. has a 12 month low of $22.47 and a 12 month high of $133.86. The company has a 50-day moving average price of $88.06 and a two-hundred day moving average price of $85.37.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on ASTS shares. Roth Mkm reiterated a “buy” rating and issued a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut shares of AST SpaceMobile from a “buy” rating to a “hold” rating and reduced their target price for the company from $117.00 to $106.00 in a research note on Friday. Barclays increased their target price on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, April 9th. Finally, UBS Group reduced their target price on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $81.33.
Get Our Latest Research Report on AST SpaceMobile
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Negative Sentiment: Blue Origin’s New Glenn rocket explosion raised concerns that AST SpaceMobile’s launch schedule could be delayed, which is weighing on sentiment around its 2026 satellite deployment plans. Blue Origin Blast Sends AST SpaceMobile Down 18.5%
- Negative Sentiment: Deutsche Bank downgraded ASTS from Buy to Hold and trimmed its price target, signaling reduced near-term upside after the stock’s sharp run-up. Blue Origin Blast Sends AST SpaceMobile Down 18.5%
- Negative Sentiment: Multiple reports said the rocket failure could disrupt satellite launches and delay AST SpaceMobile’s BlueBird rollout, adding execution risk to an already richly valued stock. AST SpaceMobile Shares Sink After Blue Origin Rocket Explosion
- Negative Sentiment: AST SpaceMobile was also hit by insider-selling news after President Scott Wisniewski sold about $3.3 million of stock, which can add to investor caution even if the sale was relatively small versus his remaining holdings. Insider Selling: AST SpaceMobile (NASDAQ:ASTS) President Sells 25,904 Shares of Stock
- Neutral Sentiment: Bullish commentary continues to emphasize ASTS’s direct-to-smartphone satellite technology, strong cash position, and carrier partnerships, but these longer-term positives are being overshadowed today by launch and valuation concerns. AST SpaceMobile’s Next Chapter Changes Everything
Insider Activity
In other news, Director Julio A. Torres sold 15,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total value of $1,145,100.00. Following the completion of the transaction, the director owned 43,239 shares in the company, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Hiroshi Mikitani sold 1,690,000 shares of AST SpaceMobile stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $91.42, for a total transaction of $154,499,800.00. Following the completion of the transaction, the insider owned 29,330,155 shares of the company’s stock, valued at $2,681,362,770.10. This trade represents a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,100,000 shares of company stock worth $276,048,350. 20.89% of the stock is currently owned by insiders.
AST SpaceMobile Profile
AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.
AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.
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