Mobility Global, Inc. (NYSE:MBGL) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst sentiment is neutral: Twelve brokerages give Mobility Global an average “Hold” rating, with an average 12-month price target of $22.20 versus the stock’s $17.82 opening price.
• Insiders and institutions have been buying: Insiders purchased 50,000 shares worth approximately $980,550 over the past 90 days, while several institutional investors initiated positions during the third quarter.
• Mobility Global reported quarterly EPS of $0.18 on revenue of $468 million and pays a quarterly dividend of $0.06, equivalent to a 1.3% yield; shares remain near the lower end of their 52-week range of $16.95 to $26.00.

Mobility Global, Inc. (NYSE:MBGL - Get Free Report) has earned an average recommendation of "Hold" from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.20.

Several research firms recently issued reports on MBGL. Barclays assumed coverage on Mobility Global in a research note on Tuesday, September 1st. They set an "equal weight" rating and a $23.00 target price on the stock. Zacks Research upgraded Mobility Global to a "hold" rating in a report on Thursday, July 30th. Royal Bank Of Canada initiated coverage on Mobility Global in a research report on Thursday, July 2nd. They issued a "sector perform" rating and a $23.00 target price for the company. Wolfe Research raised Mobility Global to a "strong-buy" rating in a research report on Monday, July 20th. Finally, Weiss Ratings lowered shares of Mobility Global from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, October 6th.

Insider Buying and Selling at Mobility Global

In other Mobility Global news, Director Mark Peek bought 25,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $19.50 per share, with a total value of $487,500.00. Following the purchase, the director directly owned 35,000 shares in the company, valued at approximately $682,500. This represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 50,000 shares of company stock valued at $980,550 in the last ninety days.

Hedge Funds Weigh In On Mobility Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new stake in shares of Mobility Global during the third quarter worth $55,000. Krilogy Financial LLC acquired a new stake in shares of Mobility Global in the third quarter valued at $250,000. Cooper Investors PTY Ltd. acquired a new stake in shares of Mobility Global in the third quarter valued at $76,000. Douglas Lane & Associates LLC purchased a new position in Mobility Global in the third quarter valued at $2,139,000. Finally, GAMMA Investing LLC purchased a new position in Mobility Global in the third quarter valued at $121,000.

Mobility Global Stock Performance

Mobility Global stock opened at $17.82 on Thursday. The firm has a market cap of $5.27 billion and a P/E ratio of 99.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. Mobility Global has a fifty-two week low of $16.95 and a fifty-two week high of $26.00. The firm has a 50 day moving average of $19.34.

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

Mobility Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. Mobility Global's dividend payout ratio (DPR) is presently 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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