Mobility Global (NYSE:MBGL) Shares Gap Up Following Insider Buying Activity

Mobility Global, Inc. (NYSE:MBGL) shares gapped up prior to trading on Friday after an insider bought additional shares in the company. The stock had previously closed at $19.83, but opened at $20.82. Mobility Global shares last traded at $20.19, with a volume of 222,496 shares changing hands.

Specifically, Director Mark S. Peek purchased 15,000 shares of Mobility Global stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately $993,500. This trade represents a 42.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark S. Peek purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $19.50 per share, for a total transaction 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. Additional details regarding this purchase are available in the official SEC disclosure. In other news, Director Mark S. Peek acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $19.50 per share, for a total transaction of $195,000.00. Following the acquisition, the director owned 10,000 shares in the company, valued at approximately $195,000. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

MBGL has been the subject of a number of research analyst reports. Royal Bank Of Canada assumed coverage on Mobility Global in a report on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 target price for the company. Zacks Research upgraded Mobility Global to a “hold” rating in a research report on Thursday, July 30th. Robert W. Baird dropped their price target on Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday. Wall Street Zen raised Mobility Global to a “hold” rating in a research note on Saturday, July 18th. Finally, UBS Group set a $23.00 price objective on Mobility Global in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.80.

Mobility Global Stock Performance

The stock has a market capitalization of $5.98 billion and a price-to-earnings ratio of 112.27.

Mobility Global (NYSE:MBGL) last released its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS for the quarter. The business had revenue of $468.00 million during the quarter. As a group, research analysts forecast that Mobility Global, Inc. will post 1.45 EPS for the current fiscal year.

Mobility Global Announces Dividend

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

Institutional Investors Weigh In On Mobility Global

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

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.