Mobia Medical, Inc. (NASDAQ:MOBI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Mobia Medical, Inc. (NASDAQ:MOBI) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.75.

Several research firms have weighed in on MOBI. Wolfe Research assumed coverage on shares of Mobia Medical in a research report on Tuesday, June 2nd. They set an “outperform” rating on the stock. Zacks Research upgraded Mobia Medical to a “hold” rating in a report on Wednesday, June 3rd. BTIG Research reissued a “buy” rating and set a $19.00 price target on shares of Mobia Medical in a research report on Wednesday, August 12th. Wall Street Zen raised Mobia Medical from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Weiss Ratings initiated coverage on Mobia Medical in a research report on Wednesday, August 12th. They set a “sell (e-)” rating for the company.

Insider Buying and Selling at Mobia Medical

In related news, Director Casey Tansey purchased 35,572 shares of Mobia Medical stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $11.51 per share, with a total value of $409,433.72. Following the completion of the transaction, the director directly owned 268,904 shares of the company’s stock, valued at $3,095,085.04. This trade represents a 15.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders bought 85,000 shares of company stock valued at $995,767.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mobia Medical stock. Readystate Asset Management LP acquired a new stake in Mobia Medical, Inc. (NASDAQ:MOBI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $134,000.

Mobia Medical Price Performance

Shares of MOBI opened at $10.82 on Thursday. The stock has a 50-day moving average price of $11.72. The firm has a market capitalization of $360.20 million and a PE ratio of -0.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 12.80 and a current ratio of 13.28. Mobia Medical has a one year low of $10.19 and a one year high of $15.29.

Mobia Medical (NASDAQ:MOBI) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.83) by ($0.27). The firm had revenue of $13.51 million for the quarter. The company’s revenue for the quarter was up 102.4% on a year-over-year basis. Analysts anticipate that Mobia Medical will post -2.63 earnings per share for the current year.

About Mobia Medical

Mobia Medical Inc is a commercial-stage medical device company redefining stroke recovery for survivors living with life-altering motor impairments. Mobia Medical Inc is based in AUSTIN, Texas.