Investors Buy Large Volume of Mobileye Global Call Options (NASDAQ:MBLY)

Key Points

• Mobileye Global Inc. experienced a significant increase in call option purchases, with 23,318 options traded on Friday, representing a 47% increase compared to the average daily volume.
• In recent months, institutional investors have significantly increased their positions in Mobileye, with CoreCap Advisors boosting their holdings by 1,337.3% in the third quarter alone.
• The company reported an EPS of $0.09 for the last quarter, surpassing the consensus estimate of $0.08 and showing a 3.7% year-over-year revenue increase at $504 million.

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) saw some unusual options trading on Friday. Stock traders bought 23,318 call options on the stock. This is an increase of 47% compared to the typical daily volume of 15,827 call options.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MBLY. Rhumbline Advisers bought a new position in shares of Mobileye Global in the first quarter worth about $27,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Mobileye Global in the second quarter worth about $31,000. Tower Research Capital LLC TRC boosted its holdings in Mobileye Global by 464.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company's stock valued at $59,000 after purchasing an additional 2,705 shares during the period. KBC Group NV purchased a new stake in Mobileye Global during the 2nd quarter worth about $65,000. Finally, CoreCap Advisors LLC lifted its holdings in Mobileye Global by 1,337.3% during the 3rd quarter. CoreCap Advisors LLC now owns 5,476 shares of the company's stock worth $77,000 after buying an additional 5,095 shares during the last quarter. Institutional investors own 13.25% of the company's stock.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded down $0.66 during trading on Friday, hitting $13.43. The company had a trading volume of 4,406,053 shares, compared to its average volume of 5,423,760. The stock has a 50 day simple moving average of $14.35 and a 200 day simple moving average of $15.06. Mobileye Global has a 12 month low of $11.58 and a 12 month high of $22.51. The firm has a market capitalization of $10.95 billion, a P/E ratio of -3.69, a price-to-earnings-growth ratio of 8.78 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The firm had revenue of $504.00 million for the quarter, compared to the consensus estimate of $479.93 million. During the same quarter last year, the company earned $0.10 earnings per share. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. As a group, analysts predict that Mobileye Global will post 0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MBLY shares. Wall Street Zen cut Mobileye Global from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Zacks Research raised Mobileye Global from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Robert W. Baird dropped their price objective on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 3rd. Barclays increased their target price on Mobileye Global from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a 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 given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Mobileye Global presently has a consensus rating of "Hold" and a consensus target price of $18.59.

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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