1,000 Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) Acquired by Fairfield Financial Advisors LTD

Fairfield Financial Advisors LTD acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors have also modified their holdings of the company. BNP Paribas acquired a new position in AST SpaceMobile in the first quarter valued at approximately $43,000. Principal Financial Group Inc. acquired a new position in shares of AST SpaceMobile in the 1st quarter valued at $45,000. Black Maple Capital Management LP purchased a new position in shares of AST SpaceMobile in the 1st quarter valued at $87,000. Future Financial Wealth Managment LLC acquired a new stake in AST SpaceMobile during the 3rd quarter worth $105,000. Finally, Calton & Associates Inc. acquired a new stake in AST SpaceMobile during the 2nd quarter worth $128,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

AST SpaceMobile Stock Performance

Shares of ASTS stock opened at $23.81 on Friday. AST SpaceMobile, Inc. has a 52-week low of $1.97 and a 52-week high of $39.08. The stock’s 50-day moving average price is $26.91 and its 200 day moving average price is $16.61. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $6.41 billion, a PE ratio of -19.05 and a beta of 1.62.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. The company had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $2.00 million. As a group, equities research analysts forecast that AST SpaceMobile, Inc. will post -0.88 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group raised their price objective on AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. 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 boosted their price objective on AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Finally, B. Riley raised their target price on shares of AST SpaceMobile from $26.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.

Insiders Place Their Bets

In other news, COO Shanti B. Gupta sold 80,000 shares of AST SpaceMobile stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $25.83, for a total value of $2,066,400.00. Following the sale, the chief operating officer now owns 393,232 shares of the company’s stock, valued at $10,157,182.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AST SpaceMobile news, Director Adriana Cisneros acquired 4,934 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $26.32 per share, for a total transaction of $129,862.88. Following the completion of the transaction, the director now owns 774,772 shares of the company’s stock, valued at $20,391,999.04. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Shanti B. Gupta sold 80,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $25.83, for a total value of $2,066,400.00. Following the completion of the sale, the chief operating officer now directly owns 393,232 shares of the company’s stock, valued at approximately $10,157,182.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,700 shares of company stock worth $3,220,524. 41.80% of the stock is owned by insiders.

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.