Mark Peek Purchases 15,000 Shares of Mobility Global (NYSE:MBGL) Stock

Mobility Global, Inc. (NYSE:MBGL) Director Mark Peek acquired 15,000 shares of the stock in a transaction that occurred 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 purchase, the director directly owned 50,000 shares in the company, valued at $993,500. This trade represents a 42.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mobility Global Trading Up 2.5%

NYSE MBGL opened at $20.33 on Friday. The stock has a market cap of $6.02 billion and a price-to-earnings ratio of 112.93. Mobility Global, Inc. has a 52 week low of $17.67 and a 52 week high of $26.00.

Mobility Global (NYSE:MBGL) last issued 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. On average, analysts anticipate that Mobility Global, Inc. will post 1.45 earnings per share 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 issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.24 annualized dividend and a yield of 1.2%. Mobility Global’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MBGL shares. Citigroup began coverage on shares of Mobility Global in a research note on Tuesday. They issued a “neutral” rating and a $23.00 price objective for the company. UBS Group set a $23.00 target price on Mobility Global in a research report on Thursday, July 2nd. Wells Fargo & Company cut their price target on Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Zacks Research upgraded Mobility Global to a “hold” rating in a research report on Thursday, July 30th. Finally, Wolfe Research upgraded Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.80.

Hedge Funds Weigh In On Mobility Global

An institutional investor recently bought a new stake in Mobility Global stock. Advisors Preferred LLC acquired a new stake in shares of Mobility Global, Inc. (NYSE:MBGL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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.