107,809 Shares of Mobia Medical, Inc. $MOBI Acquired by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Mobia Medical, Inc. (NASDAQ:MOBI) during the third quarter, Holdings Channel.com reports. The fund purchased 107,809 shares of the company’s stock, valued at approximately $1,019,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new position in Mobia Medical during the second quarter worth about $134,000. Citadel Advisors LLC bought a new stake in Mobia Medical in the 2nd quarter worth about $670,000. Finally, State Street Corp bought a new stake in Mobia Medical in the 2nd quarter worth about $735,000.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Mobia Medical from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings assumed coverage on Mobia Medical in a research note on Wednesday, August 12th. They issued a “sell (e-)” rating on the stock. Finally, BTIG Research reaffirmed a “buy” rating and issued a $20.00 target price on shares of Mobia Medical in a report on Friday. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Mobia Medical Price Performance

Shares of NASDAQ:MOBI opened at $11.19 on Monday. The company has a market cap of $372.52 million and a P/E ratio of -0.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 11.79 and a quick ratio of 11.24. The company has a fifty day simple moving average of $10.00. Mobia Medical, Inc. has a 1 year low of $8.03 and a 1 year high of $15.29.

Mobia Medical (NASDAQ:MOBI) last announced its earnings results on Thursday, November 5th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.06). The business had revenue of $15.62 million for the quarter. Mobia Medical had a negative net margin of 135.03% and a negative return on equity of 2,198.27%. The firm’s revenue for the quarter was up 73.3% compared to the same quarter last year. Sell-side analysts anticipate that Mobia Medical, Inc. will post -2.63 earnings per share for the current year.

Insider Buying and Selling at Mobia Medical

In related news, Director Casey Tansey purchased 35,572 shares of Mobia Medical stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $11.51 per share, for a total transaction of $409,433.72. Following the completion of the transaction, the director owned 268,904 shares in the company, valued at $3,095,085.04. This represents a 15.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 87,000 shares of company stock valued at $1,016,367.

Mobia Medical Company Profile

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.