Mobileye Global (NASDAQ:MBLY) Shares Down 2.8%

Mobileye Global Inc. (NASDAQ:MBLY)’s share price fell 2.8% during trading on Thursday . The stock traded as low as $27.20 and last traded at $27.36. 213,420 shares were traded during mid-day trading, a decline of 95% from the average session volume of 4,222,906 shares. The stock had previously closed at $28.15.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MBLY. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 target price on shares of Mobileye Global in a research report on Friday, April 26th. Piper Sandler raised their target price on Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. TD Cowen lifted their price objective on Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Citigroup cut their target price on Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Mobileye Global presently has a consensus rating of “Moderate Buy” and an average price target of $39.19.

Mobileye Global Stock Up 0.2 %

The business has a fifty day simple moving average of $28.08 and a two-hundred day simple moving average of $30.10. The company has a market capitalization of $22.64 billion, a price-to-earnings ratio of -133.74, a P/E/G ratio of 43.58 and a beta of 0.03.

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

Insider Transactions at Mobileye Global

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. TD Asset Management Inc lifted its holdings in Mobileye Global by 59.2% during the 4th quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock worth $6,068,000 after buying an additional 52,088 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in Mobileye Global by 70.4% during the 4th quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock worth $10,537,000 after buying an additional 100,494 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Mobileye Global by 15.2% during the 4th quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock worth $11,430,000 after buying an additional 34,763 shares in the last quarter. Assetmark Inc. lifted its holdings in Mobileye Global by 2.2% during the 4th quarter. Assetmark Inc. now owns 108,331 shares of the company’s stock worth $4,693,000 after buying an additional 2,346 shares in the last quarter. Finally, Barclays PLC bought a new stake in shares of Mobileye Global during the 3rd quarter valued at $211,000. 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.