Mobivity Holdings Corp. (OTCMKTS:MFON) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday.

Shares of Mobivity Holdings Corp. (MFON) opened at 0.888 on Friday. The firm’s market capitalization is $32.37 million. Mobivity Holdings Corp. has a 1-year low of $0.48 and a 1-year high of $0.89. The stock has a 50 day moving average price of $0.76 and a 200 day moving average price of $0.74.

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In related news, Director Thomas B. Akin purchased 263,110 shares of the stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of $0.70 per share, for a total transaction of $184,177.00. Following the completion of the acquisition, the director now owns 6,193,088 shares of the company’s stock, valued at $4,335,161.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas B. Akin purchased 85,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $0.70 per share, with a total value of $59,500.00. Following the completion of the acquisition, the director now directly owns 5,596,262 shares of the company’s stock, valued at approximately $3,917,383.40. The disclosure for this purchase can be found here. Insiders have bought 866,554 shares of company stock valued at $613,576 over the last quarter. Company insiders own 21.10% of the company’s stock.

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