Mobileye Global (NASDAQ:MBLY) Shares Gap Up - Still a Buy?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $15.26, but opened at $17.30. Mobileye Global shares last traded at $16.21, with a volume of 2,758,768 shares.

Analyst Ratings Changes

MBLY has been the topic of several recent research reports. Loop Capital boosted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. UBS Group boosted their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a report on Wednesday. Mizuho reduced their price target on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Wolfe Research upgraded Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mobileye Global presently has an average rating of "Hold" and an average price target of $22.24.

Mobileye Global Price Performance

The stock's 50 day moving average is $16.06 and its two-hundred day moving average is $15.73. The stock has a market capitalization of $12.25 billion, a PE ratio of -3.96, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.

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Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share 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%. On average, equities analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MBLY. The Manufacturers Life Insurance Company lifted its stake in Mobileye Global by 4.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock worth $283,101,000 after purchasing an additional 621,062 shares during the last quarter. Norges Bank purchased a new position in shares of Mobileye Global in the 4th quarter valued at $95,937,000. Primecap Management Co. CA raised its stake in Mobileye Global by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock worth $35,944,000 after acquiring an additional 40,000 shares in the last quarter. Vanguard Group Inc. lifted its position in Mobileye Global by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after acquiring an additional 45,756 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Mobileye Global by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock valued at $30,569,000 after acquiring an additional 8,340 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

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.