Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $16.24, but opened at $17.02. Mobileye Global shares last traded at $16.81, with a volume of 1,489,589 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have commented on MBLY. Needham & Company LLC decreased their price objective on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays reiterated an "equal weight" rating and issued a $14.00 price objective (down from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. The Goldman Sachs Group decreased their price objective on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Piper Sandler increased their price objective on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, Robert W. Baird increased their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global presently has an average rating of "Hold" and a consensus target price of $18.63.
Read Our Latest Stock Analysis on Mobileye Global
Mobileye Global Trading Down 0.7%
The firm has a market cap of $13.20 billion, a price-to-earnings ratio of -4.26, a P/E/G ratio of 69.54 and a beta of 0.38. The company has a 50 day moving average of $14.69 and a 200 day moving average of $16.19.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The firm's revenue was up 83.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) EPS. Equities analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.
Insider Buying and Selling at Mobileye Global
In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the sale, the executive vice president now owns 107,853 shares of the company's stock, valued at $1,735,354.77. This trade represents a 38.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.80% of the company's stock.
Institutional Trading of Mobileye Global
Several hedge funds and other institutional investors have recently modified their holdings of MBLY. Perigon Wealth Management LLC acquired a new stake in shares of Mobileye Global in the 4th quarter valued at about $398,000. R Squared Ltd acquired a new stake in shares of Mobileye Global in the 4th quarter valued at about $59,000. Renaissance Capital LLC raised its stake in shares of Mobileye Global by 116.2% in the 4th quarter. Renaissance Capital LLC now owns 207,355 shares of the company's stock valued at $4,131,000 after purchasing an additional 111,452 shares during the period. Y.D. More Investments Ltd raised its stake in shares of Mobileye Global by 117.3% in the 4th quarter. Y.D. More Investments Ltd now owns 77,150 shares of the company's stock valued at $1,537,000 after purchasing an additional 41,650 shares during the period. Finally, Financial Advocates Investment Management acquired a new stake in shares of Mobileye Global in the 4th quarter valued at about $428,000. Institutional investors and hedge funds own 13.25% of the company's stock.
About Mobileye Global
(
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.
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