Oppenheimer & Co. Inc. Takes Position in Mobileye Global Inc. (NASDAQ:MBLY)

Oppenheimer & Co. Inc. acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,773 shares of the company's stock, valued at approximately $653,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after acquiring an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Mobileye Global in the fourth quarter worth about $30,000. Global Retirement Partners LLC boosted its position in shares of Mobileye Global by 136.9% during 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 period. Rakuten Securities Inc. grew its stake in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after buying an additional 1,061 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Mobileye Global in the third quarter worth approximately $31,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Price Performance

Mobileye Global stock traded down $0.54 during midday trading on Monday, reaching $15.05. The company's stock had a trading volume of 5,364,641 shares, compared to its average volume of 6,237,104. The stock has a market capitalization of $12.21 billion, a P/E ratio of -3.94, a PEG ratio of 69.54 and a beta of 0.29. The stock's 50-day simple moving average is $17.01 and its 200-day simple moving average is $15.60. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00.

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Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. As a group, equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

MBLY has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of Mobileye Global in a report on Friday, January 31st. Wolfe Research raised shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 5th. UBS Group raised their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Mizuho lowered their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Loop Capital upped their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.95.

Mobileye Global 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.