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 company’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $19.50 per share, for a total transaction of $195,000.00. Following the purchase, the director owned 10,000 shares in the company, valued at approximately $195,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mobility Global Trading Up 1.1%

Shares of NYSE MBGL traded up $0.21 during trading hours on Thursday, hitting $19.83. The company had a trading volume of 3,749,713 shares, compared to its average volume of 9,945,265. Mobility Global, Inc. has a 1-year low of $17.67 and a 1-year high of $26.00. The company has a market cap of $5.87 billion and a PE ratio of 110.18.

Mobility Global (NYSE:MBGL) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The business had revenue of $468.00 million for the quarter. As a group, sell-side analysts predict that Mobility Global, Inc. will post 1.45 EPS for the current fiscal year.

Mobility Global Dividend Announcement

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

Institutional Investors Weigh In On Mobility Global

An institutional investor recently bought a new stake in Mobility Global stock. Advisors Preferred LLC bought a new stake in Mobility Global, Inc. (NYSE:MBGL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,800 shares of the company’s stock, valued at approximately $36,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MBGL shares. Zacks Research raised Mobility Global to a “hold” rating in a 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. Royal Bank Of Canada assumed coverage on shares of Mobility Global in a research report on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 price objective for the company. Robert W. Baird decreased their price objective on shares of Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Citigroup started coverage on shares of Mobility Global in a research report on Tuesday. They issued a “neutral” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mobility Global 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.