Jones Financial Companies Lllp Has $1.55 Million Stock Position in AST SpaceMobile, Inc. $ASTS

Jones Financial Companies Lllp boosted its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 28.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 31,580 shares of the company’s stock after acquiring an additional 6,901 shares during the period. Jones Financial Companies Lllp’s holdings in AST SpaceMobile were worth $1,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of AST SpaceMobile by 11.8% in the 1st quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after purchasing an additional 3,642 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AST SpaceMobile by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock valued at $1,814,000 after buying an additional 3,515 shares during the period. Millennium Management LLC boosted its position in AST SpaceMobile by 16.1% during the first quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock valued at $10,634,000 after acquiring an additional 64,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in AST SpaceMobile by 18.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock worth $7,405,000 after acquiring an additional 49,811 shares during the period. Finally, Strs Ohio bought a new position in shares of AST SpaceMobile in the 1st quarter worth about $168,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASTS. Barclays cut AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 target price for the company. in a research note on Friday, October 17th. Scotiabank lowered shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price objective for the company. in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of AST SpaceMobile in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, December 29th. Finally, B. Riley Financial lowered shares of AST SpaceMobile from a “buy” rating to a “neutral” rating in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $45.66.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $73.52, for a total transaction of $2,940,800.00. Following the transaction, the chief technology officer owned 4,750 shares of the company’s stock, valued at $349,220. This trade represents a 89.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Shanti B. Gupta sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $77.34, for a total value of $773,400.00. Following the completion of the transaction, the chief operating officer owned 382,375 shares in the company, valued at $29,572,882.50. The trade was a 2.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have bought 2,765 shares of company stock worth $187,236 and have sold 2,354,621 shares worth $164,348,075. Corporate insiders own 30.90% of the company’s stock.

AST SpaceMobile Price Performance

ASTS stock opened at $102.10 on Tuesday. The business has a 50-day simple moving average of $89.70 and a two-hundred day simple moving average of $69.36. AST SpaceMobile, Inc. has a 52-week low of $18.22 and a 52-week high of $129.89. The company has a market capitalization of $37.47 billion, a P/E ratio of -82.34 and a beta of 2.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 9.48 and a current ratio of 9.56.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.27). The company had revenue of $14.74 million for the quarter, compared to the consensus estimate of $22.04 million. AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 27.76%. AST SpaceMobile’s revenue was up 1236.4% on a year-over-year basis. During the same quarter last year, the business posted ($1.10) earnings per share. Research analysts expect that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.

About AST SpaceMobile

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.