Mobileye N.V. (MBLY) Short Interest Update
Mobileye N.V. (NYSE:MBLY) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,711,236 shares, a growth of 51.8% from the July 14th total of 1,127,348 shares. Based on an average daily volume of 1,885,668 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the company’s shares are sold short.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in shares of Mobileye N.V. during the second quarter worth approximately $107,000. Baldwin Brothers Inc. MA acquired a new position in shares of Mobileye N.V. during the first quarter worth approximately $123,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Mobileye N.V. during the first quarter worth approximately $126,000. Chicago Partners Investment Group LLC acquired a new position in shares of Mobileye N.V. during the second quarter worth approximately $138,000. Finally, Victory Capital Management Inc. increased its position in shares of Mobileye N.V. by 44.1% in the second quarter. Victory Capital Management Inc. now owns 2,236 shares of the software maker’s stock worth $140,000 after buying an additional 684 shares in the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $63.54 target price on shares of Mobileye N.V. in a research report on Thursday, July 6th. BidaskClub raised Mobileye N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Vetr raised Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 target price for the company in a research report on Wednesday, April 26th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $63.54 target price on shares of Mobileye N.V. in a research report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $55.85.
Shares of Mobileye N.V. (NYSE MBLY) opened at 63.53 on Monday. The stock has a market cap of $14.10 billion, a PE ratio of 124.57 and a beta of 0.90. The company’s 50-day moving average price is $63.31 and its 200 day moving average price is $58.85. Mobileye N.V. has a 1-year low of $33.69 and a 1-year high of $63.56.
Mobileye N.V. (NYSE:MBLY) last issued its quarterly earnings results on Thursday, June 1st. The software maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $124.70 million during the quarter, compared to the consensus estimate of $118.52 million. Mobileye N.V. had a return on equity of 17.78% and a net margin of 29.43%. Mobileye N.V.’s revenue for the quarter was up 65.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. Equities analysts forecast that Mobileye N.V. will post $1.05 EPS for the current fiscal year.
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About Mobileye N.V.
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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