Gotham Asset Management LLC Has $41.41 Million Stake in AST SpaceMobile, Inc. $ASTS

Gotham Asset Management LLC increased its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 37.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 843,738 shares of the company’s stock after purchasing an additional 231,549 shares during the quarter. Gotham Asset Management LLC’s holdings in AST SpaceMobile were worth $41,411,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in AST SpaceMobile by 13.4% during the third quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock worth $977,668,000 after acquiring an additional 2,351,539 shares in the last quarter. Clear Street Group Inc. bought a new stake in AST SpaceMobile in the third quarter valued at $90,129,000. Van ECK Associates Corp increased its stake in AST SpaceMobile by 125.1% in the third quarter. Van ECK Associates Corp now owns 782,041 shares of the company’s stock valued at $38,382,000 after purchasing an additional 434,615 shares in the last quarter. Invesco Ltd. raised its holdings in shares of AST SpaceMobile by 610.4% during the second quarter. Invesco Ltd. now owns 475,531 shares of the company’s stock valued at $22,222,000 after purchasing an additional 408,595 shares during the period. Finally, Jump Financial LLC raised its holdings in shares of AST SpaceMobile by 2,126.2% during the third quarter. Jump Financial LLC now owns 379,203 shares of the company’s stock valued at $18,611,000 after purchasing an additional 362,169 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling at AST SpaceMobile

In related news, Director Keith R. Larson purchased 715 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $70.02 per share, for a total transaction of $50,064.30. Following the purchase, the director directly owned 1,390 shares in the company, valued at approximately $97,327.80. This trade represents a 105.93% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 30.90% of the stock is owned by corporate insiders.

AST SpaceMobile Price Performance

ASTS opened at $86.34 on Monday. The firm has a market cap of $31.69 billion, a P/E ratio of -65.41 and a beta of 2.78. The firm has a 50-day moving average of $96.35 and a 200 day moving average of $75.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 16.27 and a current ratio of 16.35. AST SpaceMobile, Inc. has a fifty-two week low of $18.22 and a fifty-two week high of $129.89.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The company had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $39.53 million. AST SpaceMobile had a negative return on equity of 23.02% and a negative net margin of 482.16%.The business’s revenue was up 2731.3% compared to the same quarter last year. On average, research analysts expect that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

ASTS has been the topic of a number of research analyst reports. Zacks Research raised shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. B. Riley Financial dropped their price target on AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, December 29th. UBS Group raised their price objective on AST SpaceMobile from $43.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Finally, Scotiabank downgraded AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price objective for the company. in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $63.77.

AST SpaceMobile Company 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.