Avantax Advisory Services Inc. Takes Position in Mobileye Global Inc. (NASDAQ:MBLY)

Avantax Advisory Services Inc. acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 162,519 shares of the company's stock, valued at approximately $3,237,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its stake in Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after purchasing an additional 737 shares during the period. Global Retirement Partners LLC boosted its holdings 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 purchasing an additional 932 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. Daymark Wealth Partners LLC boosted its holdings in shares of Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock valued at $233,000 after acquiring an additional 1,147 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $30,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY traded up $0.10 during mid-day trading on Wednesday, hitting $14.54. 2,584,538 shares of the company traded hands, compared to its average volume of 5,744,407. The firm's 50 day simple moving average is $16.23 and its 200 day simple moving average is $15.63. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The firm has a market cap of $11.79 billion, a P/E ratio of -3.81, a PEG ratio of 69.54 and a beta of 0.29.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MBLY shares. Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a research note on Friday, January 31st. Wolfe Research raised Mobileye Global from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 5th. Barclays increased their price objective on Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. UBS Group increased their price objective on Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.95.

About Mobileye Global

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.