Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) was the target of some unusual options trading activity on Thursday. Stock investors bought 32,123 call options on the stock. This is an increase of approximately 211% compared to the average daily volume of 10,332 call options.
Insider Buying and Selling
In related news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total value of $1,085,962.37. Following the completion of the transaction, the executive vice president owned 107,853 shares of the company's stock, valued at $1,735,354.77. This represents a 38.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Mobileye Global
Institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management raised its stake 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 buying an additional 4,795 shares during the period. Rhumbline Advisers bought a new stake in shares of Mobileye Global during the first quarter valued at approximately $27,000. Woodline Partners LP acquired a new position in shares of Mobileye Global during the first quarter worth approximately $4,711,000. Caxton Associates LLP bought a new position in shares of Mobileye Global in the 1st quarter worth $422,000. Finally, Sender Co & Partners Inc. acquired a new stake in Mobileye Global in the 1st quarter valued at $188,000. Institutional investors own 13.25% of the company's stock.
Mobileye Global Price Performance
Shares of NASDAQ:MBLY traded down $0.56 during mid-day trading on Friday, hitting $16.11. The company had a trading volume of 20,515,625 shares, compared to its average volume of 5,767,883. Mobileye Global has a one year low of $10.48 and a one year high of $27.38. The firm has a fifty day moving average price of $16.52 and a 200 day moving average price of $16.03. The company has a market capitalization of $13.08 billion, a PE ratio of -4.38, a price-to-earnings-growth ratio of 86.75 and a beta of 0.54.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. The business had revenue of $438.00 million during the quarter, compared to analysts' expectations of $434.87 million. During the same period last year, the company posted ($0.07) earnings per share. The business's quarterly revenue was up 83.3% on a year-over-year basis. Research analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently commented on MBLY. TD Cowen increased their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company upped their price target on shares of Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group dropped their price target on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Robert W. Baird boosted their price objective on shares of Mobileye Global from $19.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Barclays restated an "equal weight" rating and issued a $14.00 price objective (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mobileye Global has a consensus rating of "Hold" and a consensus price target of $19.50.
Read Our Latest Stock Analysis on MBLY
Mobileye Global Company Profile
(
Get Free Report)
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.
See Also
Before you consider Mobileye Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mobileye Global wasn't on the list.
While Mobileye Global currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
