Mobility Global, Inc. (NYSE:MBGL) Given Average Recommendation of “Hold” by Brokerages

Mobility Global, Inc. (NYSE:MBGL) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.8333.

Several research firms have recently commented on MBGL. Robert W. Baird decreased their target price on Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. UBS Group set a $23.00 price target on Mobility Global in a research note on Thursday, July 2nd. Bank of America began coverage on Mobility Global in a research report on Friday, August 21st. They set a “neutral” rating and a $23.00 price objective on the stock. Citigroup started coverage on Mobility Global in a report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 target price for the company. Finally, Wolfe Research raised shares of Mobility Global to a “strong-buy” rating in a research report on Monday, July 20th.

Insiders Place Their Bets

In other Mobility Global news, Director Mark S. Peek bought 15,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately $993,500. This trade represents a 42.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have bought 50,000 shares of company stock valued at $980,550.

Institutional Investors Weigh In On Mobility Global

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

Mobility Global Stock Up 3.2%

Shares of Mobility Global stock opened at $20.32 on Wednesday. Mobility Global has a 1 year low of $17.67 and a 1 year high of $26.00. The firm has a market cap of $6.02 billion and a price-to-earnings ratio of 112.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

Mobility Global (NYSE:MBGL) last released its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $468.00 million during the quarter. Sell-side analysts predict that Mobility Global will post 1.52 EPS for the current year.

Mobility Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a $0.06 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.24 annualized dividend and a yield of 1.2%.

About Mobility Global

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.