Mobileye Global (NASDAQ:MBLY) Shares Gap Up to $31.12

Mobileye Global Inc. (NASDAQ:MBLY) gapped up before the market opened on Thursday . The stock had previously closed at $31.12, but opened at $33.00. Mobileye Global shares last traded at $30.43, with a volume of 2,023,490 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada dropped their target price on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Bank of America cut Mobileye Global from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $47.00 to $22.00 in a research report on Thursday, January 4th. TD Cowen boosted their target price on Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James dropped their target price on Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.70.

Mobileye Global Trading Down 5.5 %

The business has a 50 day moving average of $29.23 and a 200-day moving average of $33.40. The stock has a market cap of $23.54 billion, a PE ratio of -139.04, a price-to-earnings-growth ratio of 14.36 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Mobileye Global had a positive return on equity of 1.75% and a negative net margin of 8.92%. The firm had revenue of $637.00 million for the quarter, compared to analyst estimates of $637.53 million. During the same quarter in the prior year, the company earned $0.27 EPS. Mobileye Global’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.14 EPS for the current fiscal year.

Insider Activity at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger purchased 3,600 shares of Mobileye Global stock in a transaction on Monday, January 29th. The shares were bought at an average price of $27.75 per share, with a total value of $99,900.00. Following the purchase, the director now directly owns 129,095 shares in the company, valued at approximately $3,582,386.25. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC acquired a new stake in shares of Mobileye Global during the 3rd quarter worth $25,000. Principal Securities Inc. acquired a new stake in shares of Mobileye Global during the 4th quarter worth $28,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Mobileye Global during the 3rd quarter worth $35,000. Register Financial Advisors LLC acquired a new stake in Mobileye Global in the 1st quarter valued at $32,000. Finally, Venturi Wealth Management LLC increased its holdings in Mobileye Global by 33.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.