Mobileye Global (NASDAQ:MBLY) Shares Gap Up to $31.12

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $31.12, but opened at $33.00. Mobileye Global shares last traded at $30.43, with a volume of 2,023,490 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on MBLY. Bank of America lowered shares of Mobileye Global from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $47.00 to $22.00 in a research note on Thursday, January 4th. Barclays lowered their target price on shares of Mobileye Global from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Friday, January 26th. Raymond James lowered their target price on shares of Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Piper Sandler assumed coverage on shares of Mobileye Global in a research report on Friday, March 15th. They set a "neutral" rating and a $31.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on shares of Mobileye Global from $45.00 to $39.00 and set an "outperform" rating on the stock in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.62.

Mobileye Global Stock Down 0.7 %

The business has a fifty day simple moving average of $29.16 and a 200 day simple moving average of $33.47. The company has a market cap of $24.91 billion, a price-to-earnings ratio of -772.31, a P/E/G ratio of 14.15 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $637.00 million during the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The business's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. Equities analysts anticipate that Mobileye Global Inc. will post 0.14 EPS for the current fiscal year.

Insider Transactions at Mobileye Global

In other news, Director Patrick P. Gelsinger purchased 3,600 shares of the business's stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $27.75 per share, with a total value of $99,900.00. Following the purchase, the director now directly owns 129,095 shares of the company's stock, valued at approximately $3,582,386.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in Mobileye Global by 33.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company's stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. Wealth Management Partners LLC grew its holdings in Mobileye Global by 3.1% in the 3rd quarter. Wealth Management Partners LLC now owns 11,723 shares of the company's stock valued at $487,000 after buying an additional 350 shares during the period. Capital Investment Advisory Services LLC grew its holdings in Mobileye Global by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company's stock valued at $637,000 after buying an additional 400 shares during the period. Green Alpha Advisors LLC grew its holdings in Mobileye Global by 2.6% in the 1st quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company's stock valued at $630,000 after buying an additional 500 shares during the period. Finally, CWM LLC purchased a new stake in Mobileye Global in the 3rd quarter valued at about $25,000. 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.