AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 554.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,482 shares of the company’s stock after acquiring an additional 2,950 shares during the period. SRS Capital Advisors Inc.’s holdings in AST SpaceMobile were worth $73,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ASTS. Geode Capital Management LLC lifted its position in shares of AST SpaceMobile by 9.4% during the third quarter. Geode Capital Management LLC now owns 3,267,066 shares of the company’s stock worth $85,450,000 after purchasing an additional 281,749 shares in the last quarter. State Street Corp increased its stake in AST SpaceMobile by 14.8% during the 3rd quarter. State Street Corp now owns 3,091,577 shares of the company’s stock worth $80,845,000 after buying an additional 399,713 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in AST SpaceMobile by 228.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,131,705 shares of the company’s stock worth $29,594,000 after buying an additional 787,566 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in AST SpaceMobile by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 854,063 shares of the company’s stock worth $18,021,000 after buying an additional 7,991 shares in the last quarter. Finally, Privium Fund Management B.V. purchased a new position in AST SpaceMobile in the 3rd quarter valued at approximately $21,476,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

AST SpaceMobile Stock Down 4.8 %

AST SpaceMobile stock opened at $32.18 on Friday. The stock has a market cap of $9.32 billion, a PE ratio of -15.18 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80. The stock’s fifty day moving average is $24.72 and its two-hundred day moving average is $25.58. AST SpaceMobile, Inc. has a 1-year low of $1.97 and a 1-year high of $39.08.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ASTS shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price objective on shares of AST SpaceMobile in a research report on Tuesday. Scotiabank upped their price target on AST SpaceMobile from $40.20 to $47.90 and gave the stock a “sector outperform” rating in a report on Wednesday. Finally, UBS Group lifted their price objective on AST SpaceMobile from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $42.98.

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.