Mobility Global, Inc. (NYSE:MBGL – Get Free Report) Director Mark Peek acquired 25,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the purchase, the director directly owned 35,000 shares of the company’s stock, valued at approximately $682,500. This represents a 250.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mobility Global Stock Up 2.5%
Shares of Mobility Global stock opened at $20.33 on Friday. The stock has a market cap of $6.02 billion and a P/E ratio of 112.93. Mobility Global, Inc. has a 12-month low of $17.67 and a 12-month high of $26.00.
Mobility Global (NYSE:MBGL – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $468.00 million for the quarter. As a group, equities research analysts forecast that Mobility Global, Inc. will post 1.45 EPS for the current fiscal year.
Mobility Global Announces Dividend
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MBGL. Royal Bank Of Canada assumed coverage on shares of Mobility Global in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 price target for the company. Robert W. Baird cut their price target 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. Wall Street Zen upgraded Mobility Global to a “hold” rating in a research report on Saturday, July 18th. Citigroup started coverage on shares of Mobility Global in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.80.
Check Out Our Latest Stock Analysis on Mobility Global
Hedge Funds Weigh In On Mobility Global
A hedge fund recently bought a new stake in Mobility Global stock. Advisors Preferred LLC purchased a new stake in Mobility Global, Inc. (NYSE:MBGL – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,800 shares of the company’s stock, valued at approximately $36,000.
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.
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