Mobileye Global (NASDAQ:MBLY) Trading 7.2% Higher - What's Next?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s stock price rose 7.2% during trading on Monday . The company traded as high as $15.27 and last traded at $15.78. Approximately 680,115 shares changed hands during trading, a decline of 87% from the average daily volume of 5,362,320 shares. The stock had previously closed at $14.72.

Analyst Ratings Changes

Several brokerages recently commented on MBLY. UBS Group dropped their target price on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Piper Sandler boosted their target price on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Robert W. Baird upped their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Finally, Mizuho lowered their price objective on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global currently has a consensus rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Stock Performance

The company has a 50-day moving average of $15.24 and a 200-day moving average of $16.03. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of -4.46, a PEG ratio of 132.89 and a beta of 0.48.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The company 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 quarterly revenue was up 83.3% compared to the same quarter last year. During the same period last year, the business posted ($0.07) EPS. As a group, equities research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

Insider Activity at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the firm's stock in a transaction dated 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 now owns 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 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 corporate insiders.

Institutional Investors Weigh In On Mobileye Global

Several large investors have recently modified their holdings of the business. Parkside Financial Bank & Trust boosted its holdings in shares of Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after buying an additional 737 shares during the last quarter. Rhumbline Advisers acquired a new stake in Mobileye Global in the 1st quarter worth about $27,000. Global Retirement Partners LLC grew its position in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after buying an additional 932 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mobileye Global in the 4th quarter valued at approximately $40,000. Finally, Ancora Advisors LLC acquired a new position in shares of Mobileye Global during the 4th quarter worth $40,000. 13.25% of the stock is currently owned by institutional investors.

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.