Mobileye Global (NASDAQ:MBLY) Shares Gap Up - Time to Buy?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $16.07, but opened at $18.49. Mobileye Global shares last traded at $18.96, with a volume of 2,887,712 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Oppenheimer initiated coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target for the company. Wolfe Research raised shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Robert W. Baird increased their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. TD Cowen lifted their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.86.

Mobileye Global Stock Up 4.3 %

The firm's 50 day moving average is $17.58 and its two-hundred day moving average is $15.56. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of -4.57, a price-to-earnings-growth ratio of 20.12 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results 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 return on equity of 0.33% and a negative net margin of 186.82%. On average, analysts anticipate that Mobileye Global Inc. will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Mobileye Global by 49.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock valued at $186,194,000 after purchasing an additional 4,517,217 shares during the period. Norges Bank acquired a new position in shares of Mobileye Global in the fourth quarter worth about $95,937,000. Primecap Management Co. CA increased its position in shares of Mobileye Global by 2.3% in the fourth 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. raised its holdings in shares of Mobileye Global by 2.7% during 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 period. Finally, Loomis Sayles & Co. L P lifted its position in shares of Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock valued at $22,856,000 after acquiring an additional 768,169 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.