Mobility Global (NYSE:MBGL) Director Mark Peek Purchases 25,000 Shares of Stock

Key Points

• Director Mark Peek purchased 25,000 shares of Mobility Global at $19.50 each, investing $487,500 and increasing his direct stake by 250% to 35,000 shares.
• Mobility Global reported quarterly EPS of $0.18 on $468 million in revenue and declared a quarterly dividend of $0.06 per share, equivalent to a 1.2% annual yield.
• Analyst sentiment remains moderately positive, with an average “Moderate Buy” rating and a $22.80 price target, although several firms recently lowered their targets.

Mobility Global, Inc. (NYSE:MBGL - Get Free Report) Director Mark Peek acquired 25,000 shares of Mobility Global stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the purchase, the director directly owned 35,000 shares in the company, valued at $682,500. This represents a 250.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Mobility Global Price Performance

MBGL stock traded up $0.21 during midday trading on Thursday, reaching $19.83. 3,749,713 shares of the company's stock traded hands, compared to its average volume of 9,945,265. The stock has a market capitalization of $5.87 billion and a price-to-earnings ratio of 110.18. Mobility Global, Inc. has a 52 week low of $17.67 and a 52 week high of $26.00.

Mobility Global (NYSE:MBGL - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The company had revenue of $468.00 million during the quarter. Equities research analysts anticipate that Mobility Global, Inc. will post 1.45 EPS for the current year.

Mobility Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 27th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mobility Global stock. Advisors Preferred LLC acquired a new position in Mobility Global, Inc. (NYSE:MBGL - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,800 shares of the company's stock, valued at approximately $36,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MBGL shares. Robert W. Baird cut their target price on Mobility Global from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Mobility Global from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday. Wall Street Zen upgraded shares of Mobility Global to a "hold" rating in a report on Saturday, July 18th. Royal Bank Of Canada initiated coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They issued a "sector perform" rating and a $23.00 price objective for the company. Finally, Wolfe Research raised shares of Mobility Global to a "strong-buy" rating in a report 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.80.

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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