AST SpaceMobile (NASDAQ:ASTS – Free Report) had its price objective raised by Deutsche Bank Aktiengesellschaft from $22.00 to $63.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.
Several other research firms have also issued reports on ASTS. B. Riley boosted their target price on shares of AST SpaceMobile from $26.00 to $36.00 and gave the company a buy rating in a report on Thursday, August 29th. UBS Group boosted their price objective on AST SpaceMobile from $13.00 to $30.00 and gave the company a buy rating in a research note on Thursday, August 15th. Finally, Scotiabank raised their target price on AST SpaceMobile from $28.00 to $45.90 and gave the stock a sector outperform rating in a research note on Monday, August 26th.
Check Out Our Latest Stock Report on ASTS
AST SpaceMobile Stock Up 12.5 %
Institutional Trading of AST SpaceMobile
Several large investors have recently made changes to their positions in ASTS. Victory Capital Management Inc. bought a new position in AST SpaceMobile in the fourth quarter worth approximately $65,000. Cantor Fitzgerald L. P. acquired a new stake in AST SpaceMobile in the 4th quarter valued at $66,000. Calton & Associates Inc. bought a new stake in AST SpaceMobile during the 2nd quarter valued at $128,000. Rathbones Group PLC acquired a new position in AST SpaceMobile during the fourth quarter worth $76,000. Finally, BNP Paribas bought a new position in shares of AST SpaceMobile in the first quarter valued at $43,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.
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.
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