Nisa Investment Advisors LLC Acquires 13,926 Shares of AST SpaceMobile, Inc. $ASTS

Nisa Investment Advisors LLC boosted its holdings in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 105.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,177 shares of the company’s stock after acquiring an additional 13,926 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AST SpaceMobile were worth $1,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its holdings in AST SpaceMobile by 342.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 132,087 shares of the company’s stock worth $6,172,000 after acquiring an additional 102,217 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of AST SpaceMobile in the 2nd quarter worth approximately $21,754,000. Yarbrough Capital LLC boosted its stake in shares of AST SpaceMobile by 28.0% during the third quarter. Yarbrough Capital LLC now owns 99,372 shares of the company’s stock valued at $4,877,000 after purchasing an additional 21,739 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of AST SpaceMobile by 14.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 77,159 shares of the company’s stock valued at $3,606,000 after purchasing an additional 9,448 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in AST SpaceMobile by 22.4% during the second quarter. Teacher Retirement System of Texas now owns 28,664 shares of the company’s stock valued at $1,339,000 after buying an additional 5,239 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Trading Up 2.7%

Shares of NASDAQ:ASTS opened at $95.22 on Thursday. The business’s 50-day moving average is $71.57 and its 200 day moving average is $61.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 9.56 and a quick ratio of 9.48. AST SpaceMobile, Inc. has a 1 year low of $17.50 and a 1 year high of $102.79. The firm has a market capitalization of $34.95 billion, a P/E ratio of -76.79 and a beta of 2.70.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results 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). AST SpaceMobile had a negative return on equity of 27.76% and a negative net margin of 1,639.59%.The business had revenue of $14.74 million during the quarter, compared to analyst estimates of $22.04 million. During the same period in the prior year, the business posted ($1.10) EPS. AST SpaceMobile’s revenue was up 1236.4% compared to the same quarter last year. On average, research analysts predict that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ASTS. Scotiabank lowered AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 target price for the company. in a report on Wednesday, January 7th. B. Riley cut AST SpaceMobile from a “buy” rating to a “neutral” rating in a research note on Tuesday. Barclays downgraded AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a research report on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, December 29th. Finally, Zacks Research cut shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, AST SpaceMobile currently has a consensus rating of “Reduce” and an average price target of $45.66.

Insider Activity at AST SpaceMobile

In related news, Director Keith R. Larson acquired 625 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were purchased at an average cost of $80.00 per share, with a total value of $50,000.00. Following the completion of the acquisition, the director directly owned 2,015 shares of the company’s stock, valued at $161,200. This represents a 44.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Maya Bernal sold 6,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $73.76, for a total value of $442,560.00. Following the completion of the transaction, the chief accounting officer directly owned 122,486 shares in the company, valued at approximately $9,034,567.36. The trade was a 4.67% decrease in their ownership of the stock. 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. 30.90% of the stock is currently owned by company insiders.

AST SpaceMobile Company Profile

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.