Mobility Global (NYSE:MBGL) Director Mark Peek Acquires 10,000 Shares of Stock

Mobility Global, Inc. (NYSE:MBGL) Director Mark Peek acquired 10,000 shares of Mobility Global stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $19.50 per share, for a total transaction of $195,000.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at $195,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mobility Global Price Performance

Shares of NYSE:MBGL opened at $19.83 on Friday. Mobility Global, Inc. has a 52-week low of $17.67 and a 52-week high of $26.00. The firm has a market capitalization of $5.87 billion and a price-to-earnings ratio of 110.18.

Mobility Global (NYSE:MBGL) last announced its quarterly 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. As a group, equities analysts expect that Mobility Global, Inc. will post 1.45 earnings per share for the current fiscal year.

Mobility Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 27th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Mobility Global stock. Advisors Preferred LLC bought a new position in shares of Mobility Global, Inc. (NYSE:MBGL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,800 shares of the company’s stock, valued at approximately $36,000.

Wall Street Analysts Forecast Growth

MBGL has been the subject of several analyst reports. 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 target for the company. Wall Street Zen upgraded Mobility Global to a “hold” rating in a report on Saturday, July 18th. Robert W. Baird lowered their price objective on Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday. Zacks Research upgraded Mobility Global to a “hold” rating in a research report on Thursday, July 30th. Finally, Wolfe Research raised Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Mobility Global has a consensus 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.