<div id="readability-page-1"><p>Price T Rowe Associates Inc. MD grew its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 71.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,335 shares of the company's stock after buying an additional 22,987 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in AST SpaceMobile were worth $161,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>AST SpaceMobile</strong> alerts:</span></p></div><ul><li>MarketBeat Week in Review – 8/5 - 8/9</li></ul><p>Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of AST SpaceMobile during the fourth quarter valued at about $65,000. Cantor Fitzgerald L. P. bought a new position in shares of AST SpaceMobile during the fourth quarter valued at about $66,000. Rathbones Group PLC bought a new position in shares of AST SpaceMobile during the fourth quarter valued at about $76,000. BNP Paribas bought a new position in shares of AST SpaceMobile during the first quarter valued at about $43,000. Finally, Principal Financial Group Inc. bought a new position in shares of AST SpaceMobile during the first quarter valued at about $45,000. 60.95% of the stock is owned by institutional investors. </p><h2>AST SpaceMobile Stock Down 1.1 %</h2><p>Shares of NASDAQ:ASTS opened at $31.03 on Friday. The stock's 50-day moving average is $14.80 and its 200 day moving average is $7.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 7.51 and a quick ratio of 7.51. The company has a market cap of $7.99 billion, a PE ratio of -31.66 and a beta of 1.61. AST SpaceMobile, Inc. has a 1 year low of $1.97 and a 1 year high of $36.87. </p><br/><ul><li>Why AST SpaceMobile Stock is a Must-Watch in 2024</li></ul><p>AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. The firm had revenue of $0.50 million for the quarter, compared to the consensus estimate of $3.00 million. Sell-side analysts anticipate that AST SpaceMobile, Inc. will post -0.65 EPS for the current year. </p><h2>Wall Street Analyst Weigh In</h2><p>Several research firms recently issued reports on ASTS. UBS Group raised their target price on AST SpaceMobile from $13.00 to $30.00 and gave the stock a &#34;buy&#34; rating in a research note on Thursday. B. Riley boosted their price target on AST SpaceMobile from $15.00 to $26.00 and gave the company a &#34;buy&#34; rating in a report on Thursday. Finally, Scotiabank boosted their price target on AST SpaceMobile from $21.10 to $28.00 and gave the company a &#34;sector outperform&#34; rating in a report on Friday.</p><ul><li>AST SpaceMobile Rockets Higher on Verizon's $100 Million Stake </li></ul><p><b>Get Our Latest Stock Analysis on AST SpaceMobile</b></p><h2>About AST SpaceMobile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than AST SpaceMobile</li><li>How to Calculate Stock Profit </li><li>Bumble's Valuation Hits an All-Time Low, Can Its Fortunes Change?</li><li>ETF Screener: Uses and Step-by-Step Guide </li><li>MarketBeat Week in Review – 8/12 - 8/16</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>JD.com Earnings Surprise: China’s Outlook Better Than Expected</li></ul><p><strong>Want to see what other hedge funds are holding ASTS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVNUUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVNUUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AST SpaceMobile wasn't on the list.</p><p>While AST SpaceMobile currently has a &#34;Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

ASTS

<p>Price T Rowe Associates Inc. MD increased its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 71.1%, purchasing 22,987 shares, totaling 55,335 shares in its portfolio. Several other institutional investors also acquired shares recently. AST SpaceMobile's stock price decreased by 1.1%, with current trading at $5.03. The company's recent earnings reported a per share loss, but it beat estimates. UBS Group, B. Riley, and Scotiabank have raised their target prices for AST SpaceMobile, maintaining a "buy" or "outperform" ratings.</p>

Price T Rowe Associates Inc. MD Buys 22,987 Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS)