Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s stock price rose 7.2% on Monday . The stock traded as high as $15.27 and last traded at $15.78. Approximately 680,115 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,362,320 shares. The stock had previously closed at $14.72.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Barclays reaffirmed an "equal weight" rating and set a $14.00 target price (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. TD Cowen increased their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Piper Sandler boosted their target price on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Robert W. Baird increased their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, BNP Paribas raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target on the stock in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mobileye Global has a consensus rating of "Hold" and an average price target of $18.63.
Read Our Latest Report on MBLY
Mobileye Global Stock Performance
The stock has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $16.06. The firm has a market cap of $14.97 billion, a P/E ratio of -5.01, a price-to-earnings-growth ratio of 161.77 and a beta of 0.48.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same quarter last year, the firm posted ($0.07) EPS. The business's quarterly revenue was up 83.3% compared to the same quarter last year. Research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.
Insiders Place Their Bets
In other news, EVP Boaz Ouriel sold 67,493 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust raised 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 purchasing an additional 737 shares in the last quarter. Global Retirement Partners LLC boosted its position in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares during the last quarter. Rhumbline Advisers acquired a new position in Mobileye Global during the first quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mobileye Global during the fourth quarter worth about $40,000. Finally, Ancora Advisors LLC purchased a new position in Mobileye Global during the fourth quarter valued at approximately $40,000. Institutional investors own 13.25% of the company's stock.
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.
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