Mobileye Global (NASDAQ:MBLY) Director Acquires $100,174.86 in Stock

Key Points

• Mobileye director Safroadu Yeboah-Amankwah bought 11,841 shares for $100,174.86, increasing his holdings by 16.33% to 84,336 shares.
• MBLY shares recently traded at $8.75, while the company reported quarterly EPS of $0.19 and revenue of $508 million, beating analyst estimates.
• Analysts maintain a consensus “Hold” rating with a $12.64 average price target; Mobileye also has a $250 million share-repurchase authorization.

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) Director Safroadu Yeboah-Amankwah bought 11,841 shares of the business's stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the acquisition, the director owned 84,336 shares of the company's stock, valued at approximately $713,482.56. This trade represents a 16.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mobileye Global Trading Up 0.2%

Shares of MBLY stock traded up $0.02 on Monday, hitting $8.75. The stock had a trading volume of 4,042,930 shares, compared to its average volume of 7,521,197. Mobileye Global Inc. has a twelve month low of $6.47 and a twelve month high of $15.81. The firm has a market cap of $7.35 billion, a P/E ratio of -1.75, a PEG ratio of 2.98 and a beta of 1.20. The company has a fifty day moving average price of $9.01 and a two-hundred day moving average price of $8.78.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.06 by $0.13. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The business had revenue of $508.00 million for the quarter, compared to the consensus estimate of $480.51 million. During the same quarter last year, the business posted ($0.08) EPS. The firm's revenue was up .4% compared to the same quarter last year. On average, analysts expect that Mobileye Global Inc. will post 0.11 earnings per share for the current year.

Mobileye Global declared that its board has authorized a stock buyback plan on Thursday, April 23rd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors have recently bought and sold shares of MBLY. IFP Advisors Inc raised its holdings in shares of Mobileye Global by 465.7% in the third quarter. IFP Advisors Inc now owns 1,816 shares of the company's stock valued at $26,000 after purchasing an additional 1,495 shares during the last quarter. Rhumbline Advisers acquired a new position in Mobileye Global during the first quarter worth $27,000. Northwestern Mutual Wealth Management Co. bought a new position in Mobileye Global in the second quarter valued at $31,000. Financial Management Professionals Inc. bought a new position in Mobileye Global in the fourth quarter valued at $32,000. Finally, Leonteq Securities AG acquired a new stake in Mobileye Global in the 4th quarter valued at $33,000. Institutional investors own 13.25% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on MBLY shares. Berenberg Bank downgraded shares of Mobileye Global from a "buy" rating to a "hold" rating and set a $10.80 target price on the stock. in a report on Thursday, May 21st. Needham & Company LLC reiterated a "buy" rating and issued a $13.00 price target on shares of Mobileye Global in a report on Friday, July 24th. Wall Street Zen raised shares of Mobileye Global from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. Canaccord Genuity Group dropped their price objective on shares of Mobileye Global from $17.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Finally, Piper Sandler raised shares of Mobileye Global from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $10.00 to $12.00 in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Mobileye Global currently has a consensus rating of "Hold" and a consensus target price of $12.64.

Mobileye Global Company Profile

Mobileye Global Inc NASDAQ: MBLY is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye's core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.

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