Mobileye Global (NASDAQ:MBLY) Shares Gap Down to $30.90

Shares of Mobileye Global Inc. (NASDAQ:MBLY) gapped down prior to trading on Friday . The stock had previously closed at $30.90, but opened at $29.90. Mobileye Global shares last traded at $28.96, with a volume of 1,592,112 shares changing hands.

Analysts Set New Price Targets

MBLY has been the topic of a number of research reports. Canaccord Genuity Group upped their price target on shares of Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen upped their price target on shares of Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday. Raymond James decreased their price target on shares of Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Mizuho decreased their price target on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.70.

Mobileye Global Stock Performance

The stock’s fifty day moving average price is $29.23 and its two-hundred day moving average price is $33.36. The company has a market cap of $23.54 billion, a P/E ratio of -139.04, a P/E/G ratio of 14.36 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.75%. The company had revenue of $637.00 million during the quarter, compared to the consensus estimate of $637.53 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities research analysts forecast that Mobileye Global Inc. will post 0.14 EPS for the current year.

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger acquired 3,600 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $27.75 per share, with a total value of $99,900.00. Following the purchase, the director now directly owns 129,095 shares in the company, valued at $3,582,386.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. CWM LLC bought a new position in Mobileye Global in the 3rd quarter valued at approximately $25,000. Principal Securities Inc. bought a new position in shares of Mobileye Global during the fourth quarter valued at $28,000. Register Financial Advisors LLC bought a new position in shares of Mobileye Global during the first quarter valued at $32,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Mobileye Global during the third quarter valued at $35,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Mobileye Global by 33.3% during the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

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.