Mobileye Global Sees Unusually High Options Volume (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) saw unusually large options trading activity on Thursday. Traders acquired 32,123 call options on the company. This represents an increase of 211% compared to the average daily volume of 10,332 call options.

Insiders Place Their Bets

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the transaction, the executive vice president directly owned 107,853 shares in the company, valued at approximately $1,735,354.77. This represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management grew its holdings in Mobileye Global by 6.7% during the 2nd quarter. Triumph Capital Management now owns 75,840 shares of the company's stock worth $1,364,000 after acquiring an additional 4,795 shares in the last quarter. Rhumbline Advisers acquired a new position in Mobileye Global during the 1st quarter worth $27,000. Woodline Partners LP acquired a new position in Mobileye Global during the 1st quarter worth $4,711,000. Caxton Associates LLP acquired a new position in Mobileye Global during the 1st quarter worth $422,000. Finally, Sender Co & Partners Inc. acquired a new position in Mobileye Global during the 1st quarter worth $188,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Stock Down 3.4%

Shares of Mobileye Global stock traded down $0.56 during trading hours on Friday, hitting $16.11. The company's stock had a trading volume of 20,515,625 shares, compared to its average volume of 5,761,872. The company has a market capitalization of $13.08 billion, a PE ratio of -4.38, a P/E/G ratio of 89.76 and a beta of 0.54. The business has a fifty day moving average of $16.52 and a 200 day moving average of $16.07. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $27.68.

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 for the quarter, meeting analysts' consensus estimates of $0.08. The business had revenue of $438.00 million during the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. The business's revenue was up 83.3% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS. On average, sell-side analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MBLY. Wall Street Zen raised shares of Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Barclays reiterated an "equal weight" rating and issued a $14.00 target price (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Wells Fargo & Company boosted their target price on shares of Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday. UBS Group decreased their target price on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price on the stock in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.50.

About Mobileye Global

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.