Natixis Has $162,000 Position in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Natixis lifted its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 62.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 55,863 shares of the company’s stock after buying an additional 21,430 shares during the quarter. Natixis’ holdings in AST SpaceMobile were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of AST SpaceMobile by 49.9% during the 1st quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock worth $19,325,000 after buying an additional 2,217,531 shares during the last quarter. Broad Run Investment Management LLC lifted its stake in shares of AST SpaceMobile by 74.8% during the 4th quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company’s stock worth $23,896,000 after buying an additional 1,695,805 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of AST SpaceMobile during the 1st quarter worth about $580,000. PNC Financial Services Group Inc. lifted its stake in shares of AST SpaceMobile by 319.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 163,296 shares of the company’s stock worth $985,000 after buying an additional 124,322 shares during the last quarter. Finally, Accordant Advisory Group Inc acquired a new stake in shares of AST SpaceMobile during the 1st quarter worth about $463,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Stock Up 13.2 %

ASTS stock opened at $18.84 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 7.51 and a quick ratio of 7.51. AST SpaceMobile, Inc. has a 12 month low of $1.97 and a 12 month high of $19.48. The company’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $5.52.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Wednesday, May 15th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. The firm had revenue of $0.50 million during the quarter, compared to the consensus estimate of $3.00 million. On average, analysts predict that AST SpaceMobile, Inc. will post -0.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ASTS. Scotiabank raised their price target on shares of AST SpaceMobile from $7.40 to $12.90 and gave the stock a “sector outperform” rating in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of AST SpaceMobile from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Finally, UBS Group raised their price target on shares of AST SpaceMobile from $7.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, June 10th.

AST SpaceMobile Company 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.