Mobileye Global (NASDAQ:MBLY) Shares Gap Down - What's Next?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $17.32, but opened at $16.60. Mobileye Global shares last traded at $16.55, with a volume of 19,363,964 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MBLY. Mizuho upped their price target on Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a research report on Wednesday. Robert W. Baird boosted their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Piper Sandler boosted their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, Barclays reissued an "equal weight" rating and set a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $19.05.

Mobileye Global Trading Down 3.0%

The stock has a market capitalization of $13.64 billion, a P/E ratio of -4.57, a price-to-earnings-growth ratio of 168.27 and a beta of 0.54. The company has a 50-day moving average price of $16.45 and a 200 day moving average price of $16.10.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The company's revenue was up 83.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) earnings per share. As a group, research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Insider Transactions at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was 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 $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MBLY. Mystic Asset Management Inc. increased its position in shares of Mobileye Global by 3.6% during the first quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company's stock worth $290,000 after purchasing an additional 700 shares in the last quarter. Perigon Wealth Management LLC increased its position in Mobileye Global by 4.6% during the 1st quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock worth $301,000 after purchasing an additional 914 shares during the period. Rhumbline Advisers purchased a new stake in shares of Mobileye Global during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $40,000. Finally, Ancora Advisors LLC purchased a new stake in Mobileye Global in the 4th quarter valued at approximately $40,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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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