Mobility Global (NYSE:MBGL) Director Acquires $298,050.00 in Stock

Mobility Global, Inc. (NYSE:MBGL) Director Mark Peek bought 15,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at approximately $993,500. This trade represents a 42.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mobility Global Price Performance

Shares of MBGL stock opened at $20.33 on Friday. Mobility Global, Inc. has a 12-month low of $17.67 and a 12-month high of $26.00. The firm has a market capitalization of $6.02 billion and a PE ratio of 112.93.

Mobility Global (NYSE:MBGL) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $468.00 million for the quarter. Equities analysts expect 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. Investors of record on Thursday, August 27th will be given a $0.06 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Royal Bank Of Canada started 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. Citigroup began coverage on shares of Mobility Global in a research report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, UBS Group set a $23.00 price objective on shares of Mobility Global in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Mobility Global presently has an average rating of “Moderate Buy” and a consensus price target of $22.80.

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) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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.