Traders Purchase High Volume of Mobileye Global Call Options (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors acquired 46,910 call options on the stock. This is an increase of 66% compared to the typical volume of 28,226 call options.

Mobileye Global Trading Up 14.4 %

MBLY traded up $1.96 during midday trading on Friday, reaching $15.57. The company's stock had a trading volume of 17,089,640 shares, compared to its average volume of 4,954,566. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $44.48. The stock has a market cap of $12.60 billion, a P/E ratio of -52.53 and a beta of 0.08. The company has a fifty day simple moving average of $12.75 and a 200 day simple moving average of $20.93.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The business's quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. Sell-side analysts expect that Mobileye Global will post -0.06 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Patrick P. Gelsinger purchased 6,400 shares of the company's stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the purchase, the director now directly owns 139,106 shares in the company, valued at $2,153,360.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted 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 purchasing an additional 774 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Mobileye Global by 24.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock valued at $203,000 after buying an additional 1,248 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock worth $119,000 after acquiring an additional 1,257 shares during the period. Levin Capital Strategies L.P. boosted its position in shares of Mobileye Global by 11.1% during the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company's stock valued at $406,000 after acquiring an additional 1,441 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Mobileye Global by 64.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company's stock valued at $162,000 after acquiring an additional 1,470 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on MBLY. HSBC assumed coverage on shares of Mobileye Global in a research note on Monday, July 15th. They set a "buy" rating and a $33.00 price target on the stock. Wolfe Research cut shares of Mobileye Global from an "outperform" rating to a "peer perform" rating in a report on Thursday, September 5th. Robert W. Baird lifted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday. TD Cowen upped their price target on Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday. Finally, Royal Bank of Canada lowered Mobileye Global from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $24.00 to $11.00 in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $23.25.

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.