Rhumbline Advisers Invests $27,000 in Mobileye Global Inc. (NASDAQ:MBLY)

Rhumbline Advisers acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,870 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors also recently bought and sold shares of the company. PKO Investment Management Joint Stock Co purchased a new stake in Mobileye Global during the fourth quarter worth $1,793,000. Shufro Rose & Co. LLC raised its position in shares of Mobileye Global by 100.0% in the 4th quarter. Shufro Rose & Co. LLC now owns 20,000 shares of the company’s stock worth $398,000 after acquiring an additional 10,000 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Mobileye Global by 30.9% during the 4th quarter. Tidal Investments LLC now owns 47,885 shares of the company’s stock worth $954,000 after purchasing an additional 11,299 shares during the last quarter. Tiger Pacific Capital LP bought a new stake in Mobileye Global during the fourth quarter valued at about $2,681,000. Finally, Needham Investment Management LLC bought a new stake in Mobileye Global during the fourth quarter valued at about $996,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on MBLY shares. Piper Sandler increased their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Wall Street Zen raised shares of Mobileye Global to a “sell” rating in a research report on Tuesday, April 29th. Needham & Company LLC reduced their price objective on shares of Mobileye Global from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. UBS Group lowered their target price on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Mobileye Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.63.

Mobileye Global Stock Performance

Mobileye Global stock opened at $18.44 on Friday. The business’s 50-day simple moving average is $15.59 and its two-hundred day simple moving average is $16.06. The company has a market cap of $14.97 billion, a PE ratio of -5.01, a PEG ratio of 161.77 and a beta of 0.48. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $28.73.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The firm had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Mobileye Global’s revenue for the quarter was up 83.3% on a year-over-year basis. As a group, analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Insider Activity

In related news, EVP Boaz Ouriel sold 67,493 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the transaction, the executive vice president now owns 107,853 shares of the company’s stock, valued at $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

Mobileye Global 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.