Mobility Global (NYSE:MBGL) Now Covered by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan initiated coverage of Mobility Global with a “neutral” rating and a $21 price target, implying approximately 18.6% upside from the stock’s $17.71 price.
• Analyst sentiment remains broadly cautious: Mobility Global has an average “Hold” rating and a consensus price target of $22.56, with eight Hold ratings alongside one Strong Buy, one Buy, and one Sell.
• Director Mark Peek purchased 25,000 shares at an average of $19.50, while institutional investors including Tidal Investments established new positions. The company reported quarterly EPS of $0.18 on $468 million in revenue.

Investment analysts at JPMorgan Chase & Co. started coverage on shares of Mobility Global (NYSE:MBGL - Get Free Report) in a research note issued on Monday, Benzinga reports. The brokerage set a "neutral" rating and a $21.00 price target on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 18.55% from the stock's current price.

MBGL has been the topic of several other reports. Royal Bank Of Canada began coverage on Mobility Global in a research report on Thursday, July 2nd. They issued a "sector perform" rating and a $23.00 price objective on the stock. Barclays started coverage on Mobility Global in a research note on Tuesday, September 1st. They issued an "equal weight" rating and a $23.00 price target for the company. UBS Group set a $23.00 price objective on Mobility Global in a research report on Thursday, July 2nd. Zacks Research upgraded Mobility Global to a "hold" rating in a report on Thursday, July 30th. Finally, Weiss Ratings began coverage on Mobility Global in a research report on Tuesday, September 22nd. They issued a "sell (d+)" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mobility Global presently has an average rating of "Hold" and a consensus price target of $22.56.

Mobility Global Price Performance

MBGL stock traded down $0.16 during trading on Monday, hitting $17.71. 177,294 shares of the stock traded hands, compared to its average volume of 6,979,224. The stock has a market capitalization of $5.24 billion and a PE ratio of 98.21. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. Mobility Global has a 1 year low of $17.51 and a 1 year high of $26.00. The stock has a 50 day simple moving average of $20.12.

Mobility Global (NYSE:MBGL - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $468.00 million during the quarter. As a group, analysts anticipate that Mobility Global will post 1.52 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark Peek acquired 25,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the acquisition, the director directly owned 35,000 shares of the company's stock, valued at approximately $682,500. The trade was a 250.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders acquired 50,000 shares of company stock valued at $980,550.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MBGL. Advisors Preferred LLC bought a new stake in shares of Mobility Global during the 2nd quarter valued at about $36,000. Citadel Advisors LLC bought a new position in shares of Mobility Global in the 2nd quarter worth approximately $279,000. Finally, Tidal Investments LLC bought a new position in shares of Mobility Global in the 2nd quarter worth approximately $11,253,000.

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.

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