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

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

Mobility Global Price Performance

Shares of NYSE:MBGL opened at $20.33 on Friday. Mobility Global, Inc. has a 12-month low of $17.67 and a 12-month high of $26.00. The firm has a market cap of $6.02 billion and a price-to-earnings ratio of 112.93.

Mobility Global (NYSE:MBGL) last released its 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. As a group, research analysts anticipate that Mobility Global, Inc. will post 1.45 EPS for the current year.

Mobility Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a $0.06 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. Mobility Global’s payout ratio is presently 133.33%.

Institutional Investors Weigh In On Mobility Global

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank Of Canada initiated coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 price objective for the company. Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th. Wolfe Research raised shares of Mobility Global to a “strong-buy” rating in a research report on Monday, July 20th. Wells Fargo & Company reduced their price target on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Finally, Citigroup assumed coverage on shares of Mobility Global in a report on Tuesday. They issued a “neutral” rating and a $23.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.