Mobileye Global (NASDAQ:MBLY) Shares Gap Down to $22.29

Mobileye Global Inc. (NASDAQ:MBLY) gapped down before the market opened on Thursday . The stock had previously closed at $22.29, but opened at $21.36. Mobileye Global shares last traded at $21.64, with a volume of 204,183 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. HSBC assumed coverage on Mobileye Global in a research report on Monday, July 15th. They set a “buy” rating and a $33.00 price target on the stock. Piper Sandler upped their target price on Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Canaccord Genuity Group upped their target price on Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.44.

Mobileye Global Trading Down 1.4 %

The company has a market capitalization of $17.72 billion, a P/E ratio of -106.14, a PEG ratio of 36.25 and a beta of 0.07. The stock has a 50 day moving average price of $27.05 and a 200 day moving average price of $28.16.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly 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 during 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, research analysts predict that Mobileye Global Inc. will post 0.09 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Mobileye Global

Large investors have recently bought and sold shares of the business. TD Asset Management Inc grew its stake in shares of Mobileye Global by 59.2% in the 4th quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock valued at $6,068,000 after buying an additional 52,088 shares during the period. Pinebridge Investments L.P. grew its stake in shares of Mobileye Global by 70.4% in the 4th quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock valued at $10,537,000 after buying an additional 100,494 shares during the period. Wells Fargo & Company MN grew its stake in shares of Mobileye Global by 15.2% in the 4th quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock valued at $11,430,000 after buying an additional 34,763 shares during the period. Assetmark Inc. lifted its position in Mobileye Global by 2.2% in the 4th quarter. Assetmark Inc. now owns 108,331 shares of the company’s stock valued at $4,693,000 after acquiring an additional 2,346 shares in the last quarter. Finally, M&G Plc bought a new position in Mobileye Global in the 1st quarter valued at about $39,709,000. 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.