Mobia Medical (NASDAQ:MOBI) Issues Earnings Results

Mobia Medical (NASDAQ:MOBI) released its quarterly earnings data on Thursday. The company reported $999.00 earnings per share (EPS) for the quarter, reports.

Mobia Medical Stock Up 0.8%

MOBI opened at $13.84 on Friday. Mobia Medical has a twelve month low of $10.19 and a twelve month high of $14.77. The firm has a market cap of $457.90 million, a PE ratio of 66.00 and a beta of 2.84.

Analyst Upgrades and Downgrades

MOBI has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Mobia Medical in a research report on Tuesday. They issued an “overweight” rating and a $15.00 price target for the company. BTIG Research initiated coverage on shares of Mobia Medical in a research report on Tuesday. They issued a “buy” rating and a $19.00 price target for the company. Bank of America initiated coverage on shares of Mobia Medical in a research report on Tuesday. They issued a “buy” rating and a $16.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Mobia Medical in a research report on Tuesday. They issued a “buy” rating and a $31.00 price target for the company. Finally, Wolfe Research initiated coverage on shares of Mobia Medical in a research report on Tuesday. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.25.

Insider Activity at Mobia Medical

In other news, major shareholder Osage University Gp Iii, Llc acquired 533,333 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $7,999,995.00. Following the completion of the transaction, the insider directly owned 2,006,716 shares in the company, valued at $30,100,740. This represents a 36.20% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dana G. Jr. Mead acquired 7,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $15.00 per share, with a total value of $105,000.00. Following the completion of the transaction, the director owned 7,000 shares of the company’s stock, valued at $105,000. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 1,268,332 shares of company stock valued at $19,024,980 over the last 90 days.