Assenagon Asset Management S.A. Buys 166,392 Shares of Mobileye Global Inc. $MBLY

Key Points

• Assenagon Asset Management increased its Mobileye stake by 6.9%, purchasing 166,392 shares to hold 2.59 million shares valued at approximately $19.1 million. Institutional investors collectively own 13.25% of MBLY.
• Analyst sentiment remains mixed: Citigroup and Zacks upgraded the stock, while Morgan Stanley cut its price target to $9 and maintained an Equal Weight rating. The consensus rating is Hold, with an average target price near $11.23.
• Mobileye shares opened at $7.22, near the lower end of their 12-month range of $6.47 to $15.19. The company recently beat quarterly earnings and revenue expectations, reporting $0.19 EPS and $508 million in revenue.

Assenagon Asset Management S.A. raised its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,586,131 shares of the company's stock after acquiring an additional 166,392 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.31% of Mobileye Global worth $19,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MBLY. Farther Finance Advisors LLC lifted its position in Mobileye Global by 665.2% during the third quarter. Farther Finance Advisors LLC now owns 11,386 shares of the company's stock valued at $84,000 after acquiring an additional 9,898 shares during the last quarter. Tidal Investments LLC increased its position in shares of Mobileye Global by 17.8% during the second quarter. Tidal Investments LLC now owns 159,149 shares of the company's stock worth $1,541,000 after purchasing an additional 24,088 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Mobileye Global by 185.7% during the second quarter. WINTON GROUP Ltd now owns 147,700 shares of the company's stock worth $1,430,000 after purchasing an additional 96,000 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Mobileye Global by 11.0% during the second quarter. Integrated Wealth Concepts LLC now owns 17,421 shares of the company's stock worth $169,000 after purchasing an additional 1,732 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Mobileye Global by 63.6% during the 2nd quarter. Allworth Financial LP now owns 3,947 shares of the company's stock valued at $38,000 after purchasing an additional 1,535 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Berenberg Bank raised Mobileye Global from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research report on Monday, August 17th. TD Cowen dropped their target price on Mobileye Global from $11.50 to $9.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Morgan Stanley reduced their target price on Mobileye Global from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Mobileye Global in a research report on Friday, October 2nd. Finally, Zacks Research upgraded Mobileye Global from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $11.23.

Insiders Place Their Bets

In related news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the business's stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $8.46 per share, with a total value of $100,174.86. Following the transaction, the director owned 84,336 shares of the company's stock, valued at approximately $713,482.56. This trade represents a 16.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank D. Yeary acquired 12,360 shares of Mobileye Global stock in a transaction on Thursday, July 30th. The shares were bought at an average price of $7.98 per share, with a total value of $98,632.80. Following the purchase, the director directly owned 12,360 shares in the company, valued at approximately $98,632.80. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 10.00% of the company's stock.

Key Stories Impacting Mobileye Global

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Citigroup initiated coverage with a Buy rating and an $11 price target, implying substantial upside from MBLY’s recent $7.22 level. Citi highlighted Mobileye’s position as a global leader in vehicle-vision technology and its long-term opportunity in advanced driver-assistance systems. Citigroup Initiates Mobileye Global at Buy Rating, $11 Price Target
• Positive Sentiment: Analyst estimates compiled in a separate report put Mobileye’s average price target at approximately $11.25, suggesting that analysts collectively see meaningful recovery potential from current levels. Mobileye Global Inc. Stock Has Average Target Price of $11.25
• Neutral Sentiment: A Zacks industry outlook featured Mobileye alongside Hesai Group, keeping MBLY in focus within the vehicle-sensing and autonomous-driving technology sector. However, the available information does not identify a new earnings forecast or specific company catalyst. Zacks Industry Outlook Highlights Mobileye Global and Hesai Group
• Negative Sentiment: Morgan Stanley lowered its price target from $10 to $9 and maintained an Equal Weight rating. Although the revised target remains above the recent share price, the cut signals more limited near-term conviction and offsets some of Citi’s optimism. Morgan Stanley Lowers Mobileye Price Target

Mobileye Global Stock Performance

MBLY opened at $7.22 on Monday. Mobileye Global Inc. has a 12-month low of $6.47 and a 12-month high of $15.19. The firm has a 50 day moving average of $8.10 and a two-hundred day moving average of $8.60. The firm has a market capitalization of $6.06 billion, a PE ratio of -1.45, a P/E/G ratio of 2.43 and a beta of 1.25.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.06 by $0.13. The business had revenue of $508.00 million for the quarter, compared to the consensus estimate of $480.51 million. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, analysts predict that Mobileye Global Inc. will post 0.11 EPS for the current fiscal year.

Mobileye Global Profile

Mobileye Global Inc is a technology company focused on advanced driver-assistance systems (ADAS) and autonomous driving. Its technologies are designed to help improve road safety and support automated driving through computer vision, artificial intelligence, sensor fusion and mapping.

The company develops and supplies products for automakers and mobility providers, including EyeQ system-on-chips, camera-based driver-assistance features, SuperVision hands-free driving technology, and autonomous driving platforms.

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