Analysts Set Mobia Medical, Inc. (NASDAQ:MOBI) PT at $20.25

Shares of Mobia Medical, Inc. (NASDAQ:MOBI) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $20.25.

Several research analysts recently weighed in on MOBI shares. JPMorgan Chase & Co. started coverage on shares of Mobia Medical in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $15.00 target price for the company. BTIG Research assumed coverage on shares of Mobia Medical in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $19.00 price objective for the company. Bank of America assumed coverage on shares of Mobia Medical in a research note on Tuesday, June 2nd. They set a “buy” rating and a $16.00 price objective on the stock. Wolfe Research initiated coverage on shares of Mobia Medical in a research report on Tuesday, June 2nd. They set an “outperform” rating on the stock. Finally, Zacks Research upgraded Mobia Medical to a “hold” rating in a report on Wednesday, June 3rd.

Insider Buying and Selling at Mobia Medical

In other Mobia Medical news, insider Chase C. Leavitt purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $15.00 per share, with a total value of $45,000.00. Following the transaction, the insider owned 3,000 shares in the company, valued at approximately $45,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Nelson Bunker Curnes bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average price of $12.79 per share, for a total transaction of $63,950.00. Following the completion of the acquisition, the chief financial officer owned 366,997 shares in the company, valued at approximately $4,693,891.63. This trade represents a 1.38% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 1,273,332 shares of company stock valued at $19,088,930.

Mobia Medical Stock Down 1.9%

MOBI opened at $10.85 on Wednesday. Mobia Medical has a 12 month low of $10.19 and a 12 month high of $15.29. The firm has a market cap of $360.75 million, a PE ratio of -0.56 and a beta of 2.84. The company has a 50 day simple moving average of $12.84.

Mobia Medical (NASDAQ:MOBI) last announced its quarterly earnings results on Thursday, June 4th. The company reported ($19.30) earnings per share (EPS) for the quarter. The firm had revenue of $12.07 million for the quarter.