Stock Traders Purchase Large Volume of Mobileye Global Call Options (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors purchased 18,090 call options on the company. This is an increase of 90% compared to the average daily volume of 9,527 call options.

Mobileye Global Stock Performance

MBLY traded down $0.19 during trading on Friday, hitting $18.25. 2,316,075 shares of the stock were exchanged, compared to its average volume of 5,415,118. The firm has a 50 day simple moving average of $15.59 and a 200 day simple moving average of $16.06. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of -4.95, a P/E/G ratio of 161.77 and a beta of 0.48. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $28.73.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The firm had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. During the same quarter last year, the firm posted ($0.07) earnings per share. The business's revenue for the quarter was up 83.3% on a year-over-year basis. As a group, equities analysts anticipate that Mobileye Global will post 0.01 earnings per share 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 the 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 of the company's stock, valued at $1,735,354.77. This represents a 38.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently modified their holdings of the business. Parkside Financial Bank & Trust increased its holdings in Mobileye Global by 147.4% during the fourth 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 period. Rhumbline Advisers bought a new stake in Mobileye Global during the 1st quarter valued at $27,000. Global Retirement Partners LLC increased its holdings in shares of Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after acquiring an additional 932 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Mobileye Global in the 4th quarter worth $40,000. Finally, Ancora Advisors LLC bought a new position in shares of Mobileye Global in the 4th quarter worth $40,000. Institutional investors own 13.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MBLY shares. The Goldman Sachs Group cut Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price target for the company. in a report on Monday, June 9th. UBS Group lowered their target price on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price objective for the company in a research report on Wednesday, April 23rd. Finally, Mizuho dropped their price objective on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $18.63.

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.