Mobileye Global (NASDAQ:MBLY) Stock Price Up 5.5%

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) was up 5.5% on Wednesday . The company traded as high as $27.59 and last traded at $27.52. Approximately 2,128,699 shares were traded during trading, a decline of 50% from the average daily volume of 4,237,093 shares. The stock had previously closed at $26.08.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MBLY shares. Morgan Stanley cut shares of Mobileye Global from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $26.00 to $25.00 in a research note on Friday, April 26th. Canaccord Genuity Group boosted their price target on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. Piper Sandler boosted their price target on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, April 26th. Finally, TD Cowen boosted their price target on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.19.

Mobileye Global Stock Performance

The company has a 50 day simple moving average of $28.18 and a two-hundred day simple moving average of $30.20. The company has a market cap of $22.70 billion, a PE ratio of -134.04, a PEG ratio of 40.56 and a beta of 0.03.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. The business had revenue of $239.00 million for the quarter, compared to analysts' expectations of $226.60 million. As a group, analysts expect that Mobileye Global Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Mobileye Global

In other news, Director Patrick P. Gelsinger purchased 1,611 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $28.17 per share, with a total value of $45,381.87. Following the purchase, the director now owns 132,706 shares in the company, valued at approximately $3,738,328.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Patrick P. Gelsinger purchased 1,611 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $28.17 per share, with a total value of $45,381.87. Following the purchase, the director now owns 132,706 shares in the company, valued at approximately $3,738,328.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger purchased 2,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $27.53 per share, with a total value of $55,060.00. Following the purchase, the director now owns 131,095 shares in the company, valued at approximately $3,609,045.35. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. Barclays PLC acquired a new stake in Mobileye Global in the 3rd quarter worth approximately $211,000. PNC Financial Services Group Inc. lifted its holdings in shares of Mobileye Global by 52.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,266 shares of the company's stock worth $94,000 after buying an additional 784 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Mobileye Global by 156.5% during the third quarter. Stifel Financial Corp now owns 53,034 shares of the company's stock worth $2,204,000 after buying an additional 32,354 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Mobileye Global during the third quarter worth approximately $35,000. Finally, Natixis Advisors L.P. lifted its holdings in shares of Mobileye Global by 166.9% during the third quarter. Natixis Advisors L.P. now owns 87,547 shares of the company's stock worth $3,638,000 after buying an additional 54,745 shares during 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.