Mobileye Global Target of Unusually Large Options Trading (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY) was the recipient of unusually large options trading on Friday. Stock traders acquired 46,910 call options on the company. This is an increase of approximately 66% compared to the typical volume of 28,226 call options.

Mobileye Global Stock Up 14.4 %

Shares of Mobileye Global stock opened at $15.57 on Friday. The company has a 50-day simple moving average of $12.77 and a two-hundred day simple moving average of $20.82. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $44.48. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of -55.61 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) 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 business had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Mobileye Global will post -0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MBLY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a research report on Tuesday, September 10th. Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Daiwa America downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada cut shares of Mobileye Global from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $24.00 to $11.00 in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group lowered their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global presently has a consensus rating of “Hold” and an average price target of $23.25.

Insiders Place Their Bets

In other Mobileye Global news, Director Patrick P. Gelsinger bought 6,400 shares of Mobileye Global stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the acquisition, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Trading of Mobileye Global

A number of institutional investors have recently modified their holdings of the stock. Cranbrook Wealth Management LLC bought a new stake in Mobileye Global during the second quarter worth about $84,000. Natixis Investment Managers International bought a new stake in shares of Mobileye Global during the 1st quarter worth approximately $99,000. PNC Financial Services Group Inc. boosted its position in shares of Mobileye Global by 64.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock worth $162,000 after acquiring an additional 1,470 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after purchasing an additional 3,478 shares in the last quarter. Finally, Lipe & Dalton raised its position in Mobileye Global by 53.6% during the first quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock valued at $138,000 after purchasing an additional 1,500 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.

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.