52,934 Shares in AST SpaceMobile, Inc. $ASTS Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 52,934 shares of the company’s stock, valued at approximately $2,474,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASTS. Rakuten Group Inc. bought a new stake in shares of AST SpaceMobile during the first quarter worth $705,398,000. Voya Investment Management LLC increased its position in AST SpaceMobile by 1,992.5% in the first quarter. Voya Investment Management LLC now owns 843,554 shares of the company’s stock worth $19,182,000 after purchasing an additional 803,240 shares during the period. Jump Financial LLC bought a new stake in AST SpaceMobile during the 1st quarter worth about $14,750,000. Y Intercept Hong Kong Ltd bought a new stake in AST SpaceMobile during the 2nd quarter worth about $21,754,000. Finally, Nuveen LLC acquired a new position in AST SpaceMobile during the 1st quarter valued at about $9,218,000. 60.95% of the stock is owned by institutional investors and hedge funds.

AST SpaceMobile Stock Up 0.0%

AST SpaceMobile stock opened at $55.52 on Thursday. The company has a 50 day moving average of $67.33 and a 200-day moving average of $51.19. The company has a quick ratio of 9.48, a current ratio of 9.56 and a debt-to-equity ratio of 0.43. AST SpaceMobile, Inc. has a twelve month low of $17.50 and a twelve month high of $102.79. The stock has a market capitalization of $20.38 billion, a PE ratio of -44.77 and a beta of 2.46.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.27). The company had revenue of $14.74 million during 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%. The company’s revenue was up 1236.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.10) earnings per share. On average, equities research analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.

Insider Transactions at AST SpaceMobile

In other news, Director Adriana Cisneros acquired 750 shares of AST SpaceMobile stock in a transaction dated Thursday, November 20th. The stock was bought at an average cost of $50.79 per share, with a total value of $38,092.50. Following the completion of the transaction, the director directly owned 784,077 shares of the company’s stock, valued at approximately $39,823,270.83. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $40.58, for a total value of $1,623,200.00. Following the transaction, the chief technology officer owned 4,750 shares of the company’s stock, valued at approximately $192,755. The trade was a 89.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 30.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ASTS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of AST SpaceMobile in a research report on Monday. Barclays lowered shares of AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 target price for the company. in a report on Friday, October 17th. UBS Group downgraded AST SpaceMobile from a “buy” rating to a “neutral” rating and cut their price target for the company from $62.00 to $43.00 in a research note on Tuesday, September 9th. Roth Capital restated a “buy” rating on shares of AST SpaceMobile in a research report on Tuesday, August 12th. Finally, Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $45.60 price objective for the company in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AST SpaceMobile has an average rating of “Hold” and a consensus price target of $45.66.

About AST SpaceMobile

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.