Mobileye Global (NASDAQ:MBLY) Trading Up 5.5%

Mobileye Global Inc. (NASDAQ:MBLY) shares were up 5.5% during trading on Wednesday . The company traded as high as $27.59 and last traded at $27.52. Approximately 2,128,699 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 4,237,093 shares. The stock had previously closed at $26.08.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MBLY shares. 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. Needham & Company LLC reissued a “buy” rating and issued a $36.00 target price on shares of Mobileye Global in a report on Friday, April 26th. Piper Sandler increased their target price on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Canaccord Genuity Group increased their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, TD Cowen increased their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.19.

Mobileye Global Trading Up 0.1 %

The business has a 50-day moving average price of $28.12 and a 200 day moving average price of $30.19.

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

Insider Buying and Selling

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

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC purchased a new position in shares of Mobileye Global during the first quarter valued at $1,654,000. Cetera Investment Advisers purchased a new position in shares of Mobileye Global during the first quarter valued at $3,540,000. iA Global Asset Management Inc. increased its stake in shares of Mobileye Global by 76.4% during the first quarter. iA Global Asset Management Inc. now owns 20,031 shares of the company’s stock valued at $644,000 after buying an additional 8,675 shares during the period. Tidal Investments LLC purchased a new position in shares of Mobileye Global during the first quarter valued at $740,000. Finally, Levin Capital Strategies L.P. purchased a new position in shares of Mobileye Global during the first quarter valued at $418,000. 13.25% of the stock is currently owned by institutional investors.

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.