Cantor Fitzgerald restated their overweight rating on shares of AST SpaceMobile (NASDAQ:ASTS – Free Report) in a research report report published on Tuesday,Benzinga reports. They currently have a $30.00 target price on the stock.
A number of other research analysts have also commented on the company. Scotiabank cut their target price on AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating for the company in a research note on Friday, January 24th. UBS Group raised their target price on AST SpaceMobile from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $40.04.
Check Out Our Latest Report on AST SpaceMobile
AST SpaceMobile Price Performance
Institutional Investors Weigh In On AST SpaceMobile
Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of AST SpaceMobile by 235.9% in the third quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company’s stock worth $6,479,000 after purchasing an additional 174,007 shares during the last quarter. Van ECK Associates Corp boosted its stake in AST SpaceMobile by 141.1% during the third quarter. Van ECK Associates Corp now owns 103,437 shares of the company’s stock valued at $2,716,000 after buying an additional 60,530 shares during the period. Algert Global LLC bought a new stake in AST SpaceMobile during the third quarter worth about $768,000. Handelsbanken Fonder AB bought a new stake in AST SpaceMobile during the fourth quarter worth about $755,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of AST SpaceMobile by 6.0% in the third quarter. Oppenheimer & Co. Inc. now owns 846,072 shares of the company’s stock worth $22,125,000 after buying an additional 47,600 shares during the period. Institutional investors own 60.95% of the company’s stock.
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.
See Also
- Five stocks we like better than AST SpaceMobile
- Short Selling: How to Short a Stock
- GitLab: Get In While It’s Down—Big Rebound Ahead
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Tesla Stock: Finding a Bottom May Take Time
- Are Penny Stocks a Good Fit for Your Portfolio?
- Duolingo: This Beaten-Down Stock Is About to Rally 38%
Receive News & Ratings for AST SpaceMobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AST SpaceMobile and related companies with MarketBeat.com's FREE daily email newsletter.