Mobileye Global (NASDAQ:MBLY) Shares Gap Down to $30.90

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $30.90, but opened at $29.90. Mobileye Global shares last traded at $28.96, with a volume of 1,592,112 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MBLY. Canaccord Genuity Group raised their price target on Mobileye Global from $31.00 to $37.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. raised their target price on Mobileye Global from $34.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Raymond James reduced their target price on Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd. Morgan Stanley cut Mobileye Global from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $26.00 to $25.00 in a report on Friday. Finally, Needham & Company LLC restated a "buy" rating and set a $36.00 target price on shares of Mobileye Global in a report on Friday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Mobileye Global currently has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Mobileye Global Price Performance

The company has a market cap of $23.54 billion, a price-to-earnings ratio of -729.82, a price-to-earnings-growth ratio of 14.47 and a beta of -0.21. The stock has a 50-day moving average price of $29.23 and a 200 day moving average price of $33.40.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $637.53 million. During the same quarter last year, the firm earned $0.27 EPS. Mobileye Global's revenue for the quarter was up 12.7% compared to the same quarter last year. Sell-side analysts expect that Mobileye Global Inc. will post 0.14 EPS for the current fiscal year.

Insider Activity at Mobileye Global

In other news, Director Patrick P. Gelsinger bought 3,600 shares of the company's stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $27.75 per share, with a total value of $99,900.00. Following the transaction, the director now owns 129,095 shares in the company, valued at $3,582,386.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Barclays PLC acquired a new position in shares of Mobileye Global during the 3rd quarter worth approximately $211,000. Natixis Advisors L.P. increased its position in shares of Mobileye Global by 166.9% during the 3rd quarter. Natixis Advisors L.P. now owns 87,547 shares of the company's stock worth $3,638,000 after purchasing an additional 54,745 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of Mobileye Global during the 4th quarter worth approximately $1,662,000. Platinum Investment Management Ltd. boosted its stake in shares of Mobileye Global by 207.4% during the 3rd quarter. Platinum Investment Management Ltd. now owns 998,827 shares of the company's stock worth $41,501,000 after acquiring an additional 673,906 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Mobileye Global during the 3rd quarter worth approximately $35,374,000. Institutional investors and hedge funds own 13.25% of the company's stock.

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.