Mark Peek Purchases 10,000 Shares of Mobility Global (NYSE:MBGL) Stock

Mobility Global, Inc. (NYSE:MBGL) Director Mark Peek acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $19.50 per share, with a total value of $195,000.00. Following the acquisition, the director owned 10,000 shares of the company’s stock, valued at $195,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mobility Global Trading Up 2.5%

NYSE:MBGL opened at $20.33 on Friday. The stock has a market capitalization of $6.02 billion and a PE ratio of 112.93. Mobility Global, Inc. has a 1-year low of $17.67 and a 1-year high of $26.00.

Mobility Global (NYSE:MBGL) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $468.00 million for the quarter. On average, analysts forecast that Mobility Global, Inc. will post 1.45 EPS for the current fiscal year.

Mobility Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 27th. Mobility Global’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Trading of Mobility Global

A hedge fund recently bought a new position in Mobility Global stock. Advisors Preferred LLC purchased a new position in Mobility Global, Inc. (NYSE:MBGL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,800 shares of the company’s stock, valued at approximately $36,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MBGL shares. UBS Group set a $23.00 price target on Mobility Global in a research report on Thursday, July 2nd. Wall Street Zen raised Mobility Global to a “hold” rating in a research report on Saturday, July 18th. Wolfe Research upgraded Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. Wells Fargo & Company dropped their target price on Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Robert W. Baird cut their target price on Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mobility Global currently has a consensus rating of “Moderate Buy” and an average price target of $22.80.

Mobility Global Company Profile

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.