EverSource Wealth Advisors LLC Raises Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

EverSource Wealth Advisors LLC increased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 1,019.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,819 shares of the company’s stock after buying an additional 3,478 shares during the period. EverSource Wealth Advisors LLC’s holdings in Mobileye Global were worth $107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in Mobileye Global during the 1st quarter valued at about $32,000. Newbridge Financial Services Group Inc. purchased a new position in Mobileye Global during the fourth quarter valued at approximately $77,000. Cranbrook Wealth Management LLC bought a new position in Mobileye Global in the second quarter worth approximately $84,000. Natixis Investment Managers International purchased a new stake in Mobileye Global during the first quarter worth $99,000. Finally, Lipe & Dalton boosted its position in Mobileye Global by 53.6% during the 1st quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock valued at $138,000 after acquiring an additional 1,500 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

Shares of MBLY opened at $13.78 on Friday. The company has a market capitalization of $11.15 billion, a P/E ratio of -65.62 and a beta of 0.08. The business’s 50-day moving average is $15.12 and its two-hundred day moving average is $24.05. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $44.48.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating 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 analysts’ expectations of $424.34 million. During the same period last year, the business earned $0.11 earnings per share. Mobileye Global’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts forecast that Mobileye Global Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Daiwa America lowered Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Hsbc Global Res upgraded shares of Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Robert W. Baird reduced their price objective on shares of Mobileye Global from $40.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Evercore ISI restated an “outperform” rating and issued a $35.00 target price on shares of Mobileye Global in a research note on Monday, August 26th. Finally, Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global presently has a consensus rating of “Moderate Buy” and an average target price of $30.81.

Insider Activity at Mobileye Global

In other news, CEO Amnon Shashua purchased 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price 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 owns 4,080,097 shares in the company, valued at $67,362,401.47. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mobileye Global news, CEO Amnon Shashua purchased 631,963 shares of the stock in a transaction on Friday, August 2nd. The shares were bought at an average price 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 owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick P. Gelsinger acquired 6,400 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was acquired 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 $2,153,360.88. The disclosure for this purchase can be found here. Company insiders own 1.80% 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.