Mobileye Global (NASDAQ:MBLY) Shares Gap Up to $28.42

Mobileye Global Inc. (NASDAQ:MBLYGet Rating) gapped up prior to trading on Monday . The stock had previously closed at $28.42, but opened at $29.47. Mobileye Global shares last traded at $27.80, with a volume of 12,248 shares traded.

Analyst Upgrades and Downgrades

MBLY has been the topic of several recent analyst reports. Raymond James initiated coverage on Mobileye Global in a research report on Monday. They issued a “strong-buy” rating and a $50.00 price target on the stock. Cowen assumed coverage on Mobileye Global in a research report on Monday. They set an “outperform” rating and a $35.00 price objective on the stock. Royal Bank of Canada assumed coverage on Mobileye Global in a research report on Monday. They set an “outperform” rating and a $41.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Mobileye Global in a research report on Monday. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Wolfe Research assumed coverage on Mobileye Global in a research report on Monday. They set a “peer perform” rating on the stock. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.27.

Mobileye Global Trading Up 8.6 %

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, CEO Amnon Shashua acquired 476,191 shares of Mobileye Global stock in a transaction on Friday, October 28th. The shares were bought at an average price of $21.00 per share, with a total value of $10,000,011.00. Following the completion of the purchase, the chief executive officer now owns 476,191 shares in the company, valued at $10,000,011. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Mobileye Global news, CEO Amnon Shashua acquired 476,191 shares of Mobileye Global stock in a transaction on Friday, October 28th. The shares were bought at an average price of $21.00 per share, with a total value of $10,000,011.00. Following the completion of the purchase, the chief executive officer now owns 476,191 shares in the company, valued at $10,000,011. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Safroadu Yeboah-Amankwah acquired 47,519 shares of Mobileye Global stock in a transaction on Friday, October 28th. The stock was acquired at an average cost of $21.00 per share, for a total transaction of $997,899.00. Following the purchase, the director now owns 47,519 shares of the company’s stock, valued at approximately $997,899. The disclosure for this purchase can be found here.

Mobileye Global Company Profile

(Get Rating)

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.

Featured Articles

Receive News & Ratings for Mobileye Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye Global and related companies with MarketBeat.com's FREE daily email newsletter.