Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $12.42, but opened at $14.10. Mobileye Global shares last traded at $13.62, with a volume of 4,223,290 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on MBLY shares. Daiwa Capital Markets lowered Mobileye Global from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. Royal Bank of Canada downgraded Mobileye Global from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $24.00 to $11.00 in a report on Tuesday, October 15th. Fox Advisors downgraded Mobileye Global from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $15.00 price target on shares of Mobileye Global in a report on Tuesday, September 10th. Finally, Daiwa America downgraded Mobileye Global from a "strong-buy" rating to a "hold" rating in a report on Monday, August 5th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.55.
Check Out Our Latest Report on MBLY
Mobileye Global Stock Performance
The company has a 50 day moving average of $12.75 and a two-hundred day moving average of $20.93. The stock has a market cap of $11.01 billion, a PE ratio of -48.61 and a beta of 0.08.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $424.34 million. During the same period in the previous year, the business earned $0.11 EPS. Mobileye Global's quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Mobileye Global Inc. will post -0.06 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Amnon Shashua acquired 631,963 shares of the business's stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the purchase, the chief executive officer now owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Amnon Shashua purchased 631,963 shares of the company's stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the transaction, the chief executive officer now directly owns 4,080,097 shares of the company's stock, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick P. Gelsinger purchased 6,400 shares of the company's stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $15.48 per share, with a total value of $99,072.00. Following the completion of the transaction, the director now directly owns 139,106 shares of the company's stock, valued at approximately $2,153,360.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its position in Mobileye Global by 9.9% in the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company's stock worth $277,000 after acquiring an additional 774 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Mobileye Global by 24.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock worth $203,000 after acquiring an additional 1,248 shares during the period. Guinness Atkinson Asset Management Inc lifted its stake in Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock worth $119,000 after purchasing an additional 1,257 shares in the last quarter. Levin Capital Strategies L.P. lifted its stake in Mobileye Global by 11.1% during the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company's stock worth $406,000 after purchasing an additional 1,441 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Mobileye Global by 64.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company's stock worth $162,000 after purchasing an additional 1,470 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.
About Mobileye Global
(
Get Free Report)
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.
Further Reading
Before you consider Mobileye Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mobileye Global wasn't on the list.
While Mobileye Global currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
