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

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) saw some unusual options trading activity on Monday. Stock traders acquired 48,950 call options on the company. This represents an increase of 37% compared to the typical volume of 35,636 call options.

Mobileye Global Trading Up 0.2 %

MBLY traded up $0.04 during trading on Monday, reaching $20.07. 6,207,785 shares of the company's stock were exchanged, compared to its average volume of 5,224,739. Mobileye Global has a one year low of $10.48 and a one year high of $43.40. The firm has a fifty day moving average price of $16.55 and a two-hundred day moving average price of $17.57. The stock has a market capitalization of $16.28 billion, a PE ratio of -5.50 and a beta of 0.44.

Wall Street Analyst Weigh In

MBLY has been the subject of a number of recent analyst reports. Canaccord Genuity Group cut their target price on Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, November 1st. BNP Paribas cut shares of Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 price objective for the company. in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. UBS Group cut shares of Mobileye Global from a "buy" rating to a "neutral" rating and dropped their target price for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Finally, Robert W. Baird increased their price target 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. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and an average price target of $23.38.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. raised its position in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after purchasing an additional 1,061 shares during the last quarter. Quarry LP bought a new position in shares of Mobileye Global during the third quarter worth about $31,000. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the second quarter worth approximately $84,000. EverSource Wealth Advisors LLC boosted its holdings in Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock valued at $107,000 after acquiring an additional 3,478 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Mobileye Global during the 2nd quarter valued at approximately $147,000. Institutional investors and hedge funds own 13.25% of the company's stock.

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.