RFG Advisory LLC Invests $252,000 in Mobileye Global Inc. (NASDAQ:MBLY)

RFG Advisory LLC bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,520 shares of the company's stock, valued at approximately $252,000.

Several other large investors have also bought and sold shares of the stock. Green Alpha Advisors LLC raised its position in Mobileye Global by 37.4% during the 1st quarter. Green Alpha Advisors LLC now owns 37,989 shares of the company's stock worth $547,000 after purchasing an additional 10,338 shares during the last quarter. Rhumbline Advisers bought a new position in Mobileye Global during the 1st quarter worth $27,000. PKO Investment Management Joint Stock Co bought a new position in Mobileye Global during the 4th quarter worth $1,793,000. Shufro Rose & Co. LLC raised its position in Mobileye Global by 100.0% during the 4th quarter. Shufro Rose & Co. LLC now owns 20,000 shares of the company's stock worth $398,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Mobileye Global by 30.9% during the 4th quarter. Tidal Investments LLC now owns 47,885 shares of the company's stock worth $954,000 after purchasing an additional 11,299 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

Insider Buying and Selling at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares in the company, valued at $1,735,354.77. The trade was a 38.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

MBLY has been the subject of several analyst reports. Mizuho lowered their target price on Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. UBS Group decreased their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Barclays reiterated an "equal weight" rating and set a $14.00 price target (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Piper Sandler increased their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, BNP Paribas upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target for the company in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mobileye Global currently has an average rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Stock Up 1.2%

MBLY stock traded up $0.20 during mid-day trading on Wednesday, reaching $16.36. 2,744,434 shares of the company traded hands, compared to its average volume of 5,417,118. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of -4.28, a P/E/G ratio of 69.54 and a beta of 0.48. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $31.32. The firm's 50 day moving average price is $14.95 and its 200 day moving average price is $16.18.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The company's quarterly revenue was up 83.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. On average, analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

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.