Key Points
- Director Mark Peek bought 15,000 Mobility Global shares at an average price of $19.87, spending $298,050 and increasing his holdings by 42.86% to 50,000 shares.
- Mobility Global reported quarterly EPS of $0.18 on $468 million in revenue and declared a quarterly dividend of $0.06, or $0.24 annualized, yielding about 1.2%.
- Analyst sentiment remains positive but cautious: the stock has a “Moderate Buy” consensus rating and an average price target of $22.80, despite recent target-price cuts from Wells Fargo and Robert W. Baird.
Mobility Global, Inc. (NYSE:MBGL - Get Free Report) Director Mark Peek bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $19.50 per share, with a total value of $195,000.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $195,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Mobility Global Stock Performance
Shares of NYSE MBGL opened at $19.83 on Friday. The company has a market capitalization of $5.87 billion and a price-to-earnings ratio of 110.18. Mobility Global, Inc. has a 52-week low of $17.67 and a 52-week high of $26.00.
Mobility Global (NYSE:MBGL - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $468.00 million for the quarter. Analysts predict that Mobility Global, Inc. will post 1.45 earnings per share for the current fiscal year.
Mobility Global Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.24 annualized dividend and a yield of 1.2%.
Institutional Investors Weigh In On Mobility Global
A hedge fund recently bought a new stake in Mobility Global stock. Advisors Preferred LLC acquired a new stake in Mobility Global, Inc. (NYSE:MBGL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,800 shares of the company's stock, valued at approximately $36,000.
Analyst Upgrades and Downgrades
MBGL has been the subject of several research reports. Zacks Research raised Mobility Global to a "hold" rating in a research report on Thursday, July 30th. Wall Street Zen raised shares of Mobility Global to a "hold" rating in a research report on Saturday, July 18th. Wells Fargo & Company lowered their price objective on shares of Mobility Global from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday. Robert W. Baird cut their target price on shares of Mobility Global from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Wolfe Research upgraded shares of Mobility Global to a "strong-buy" rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.80.
View Our Latest Analysis on Mobility Global
About Mobility Global
(
Get Free Report)
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.
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