Mobility Global, Inc. (NYSE:MBGL) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Mobility Global has a consensus “Hold” rating from nine analysts: seven holds, one buy and one strong buy. The average 12-month price target is $22.75, compared with the stock’s reported price of $19.50.
• Insiders have been buying shares, including a director’s purchase of 15,000 shares for approximately $298,050; insiders acquired 50,000 shares worth about $980,550 over the past three months.
• The company reported quarterly earnings of $0.18 per share on revenue of $468 million and paid a quarterly dividend of $0.06 per share, equivalent to a 1.2% yield.

Mobility Global, Inc. (NYSE:MBGL - Get Free Report) has earned a consensus rating of "Hold" from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $22.75.

A number of equities research analysts have weighed in on MBGL shares. Zacks Research raised shares of Mobility Global to a "hold" rating in a report on Thursday, July 30th. Royal Bank Of Canada initiated coverage on shares of Mobility Global in a report on Thursday, July 2nd. They issued a "sector perform" rating and a $23.00 target price on the stock. Wolfe Research raised shares of Mobility Global to a "strong-buy" rating in a research note on Monday, July 20th. Barclays assumed coverage on shares of Mobility Global in a research note on Tuesday, September 1st. They set an "equal weight" rating and a $23.00 target price for the company. Finally, UBS Group set a $23.00 price target on shares of Mobility Global in a research report on Thursday, July 2nd.

Insider Buying and Selling at Mobility Global

In related news, Director Mark Peek bought 15,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $19.87 per share, for a total transaction of $298,050.00. Following the acquisition, the director directly owned 50,000 shares of the company's stock, valued at $993,500. The trade was a 42.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders acquired 50,000 shares of company stock worth $980,550.

Hedge Funds Weigh In On Mobility Global

A number of hedge funds and other institutional investors have recently modified their holdings of MBGL. Tidal Investments LLC acquired a new position in Mobility Global in the 2nd quarter worth approximately $11,253,000. Citadel Advisors LLC purchased a new stake in shares of Mobility Global in the second quarter valued at $279,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Mobility Global in the second quarter worth $36,000.

Mobility Global Stock Performance

MBGL opened at $19.50 on Friday. Mobility Global has a one year low of $17.67 and a one year high of $26.00. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $20.30. The company has a market cap of $5.77 billion and a P/E ratio of 108.34.

Mobility Global (NYSE:MBGL - Get Free Report) last announced its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $468.00 million for the quarter. On average, equities research analysts forecast that Mobility Global will post 1.52 EPS for the current fiscal year.

Mobility Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. Mobility Global's dividend payout ratio (DPR) is currently 133.33%.

Mobility Global Company Profile

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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