Janney Montgomery Scott LLC Sells 142,546 Shares of Mobileye Global Inc. $MBLY

Key Points

• Janney Montgomery Scott LLC significantly reduced its stake in Mobileye Global by 93%, selling 142,546 shares during the second quarter, and holds just 10,782 shares valued at $194,000.
• Mobileye Global reported $0.13 earnings per share, surpassing analysts' expectations of $0.11, alongside a year-over-year revenue increase of 15.3% to $506 million.
• Analyst ratings on Mobileye Global vary, with the average target price set at $18.94, indicating a mix of ratings from "Strong Buy" to "Sell" from various financial institutions.

Janney Montgomery Scott LLC lowered its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 93.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,782 shares of the company's stock after selling 142,546 shares during the quarter. Janney Montgomery Scott LLC's holdings in Mobileye Global were worth $194,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Mystic Asset Management Inc. increased its holdings in shares of Mobileye Global by 3.6% in the first quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company's stock worth $290,000 after purchasing an additional 700 shares during the period. Perigon Wealth Management LLC increased its holdings in shares of Mobileye Global by 4.6% in the first quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock worth $301,000 after purchasing an additional 914 shares during the period. Rhumbline Advisers bought a new position in shares of Mobileye Global in the first quarter worth $27,000. Retirement Planning Co of New England Inc. increased its holdings in shares of Mobileye Global by 18.3% in the first quarter. Retirement Planning Co of New England Inc. now owns 16,841 shares of the company's stock worth $242,000 after purchasing an additional 2,600 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Mobileye Global by 10.7% in the first quarter. NewEdge Advisors LLC now owns 31,228 shares of the company's stock worth $450,000 after purchasing an additional 3,019 shares during the period. Institutional investors own 13.25% of the company's stock.

Mobileye Global Price Performance

MBLY stock opened at $15.02 on Wednesday. Mobileye Global Inc. has a 1 year low of $11.58 and a 1 year high of $22.51. The company has a market cap of $12.24 billion, a P/E ratio of -4.12, a PEG ratio of 9.02 and a beta of 0.52. The firm has a 50-day moving average of $14.34 and a 200 day moving average of $15.06.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The business had revenue of $506.00 million during the quarter, compared to the consensus estimate of $466.42 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business's revenue for the quarter was up 15.3% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

MBLY has been the subject of several research reports. The Goldman Sachs Group cut their target price on shares of Mobileye Global from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, September 29th. TD Cowen cut their target price on shares of Mobileye Global from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Bank of America cut their target price on shares of Mobileye Global from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, September 10th. Wells Fargo & Company upped their target price on shares of Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $18.94.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.

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