Mobileye Global (NASDAQ:MBLY) Stock Price Down 5%

Mobileye Global Inc. (NASDAQ:MBLYGet Free Report)’s stock price fell 5% during trading on Tuesday . The stock traded as low as $26.22 and last traded at $26.23. 963,655 shares traded hands during trading, a decline of 77% from the average session volume of 4,217,106 shares. The stock had previously closed at $27.60.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MBLY. Needham & Company LLC reissued a “buy” rating and issued a $36.00 target price on shares of Mobileye Global in a research report on Friday, April 26th. JPMorgan Chase & Co. upped their target price on Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Citigroup reduced their price target on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Friday, April 12th. Finally, Piper Sandler raised 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. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.19.

Check Out Our Latest Analysis on Mobileye Global

Mobileye Global Trading Down 5.3 %

The company has a market cap of $21.07 billion, a price-to-earnings ratio of -124.76, a PEG ratio of 18.50 and a beta of 0.04. The business has a fifty day moving average of $28.83 and a two-hundred day moving average of $30.79.

Mobileye Global (NASDAQ:MBLYGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. The firm had revenue of $239.00 million during the quarter, compared to analyst estimates of $226.60 million. On average, research analysts forecast that Mobileye Global Inc. will post 0.1 EPS for the current fiscal year.

Insider Transactions at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price 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 $3,738,328.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Patrick P. Gelsinger bought 1,611 shares of the company’s stock in a transaction 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 acquisition, the director now directly owns 132,706 shares in the company, valued at $3,738,328.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick P. Gelsinger purchased 2,000 shares of Mobileye Global stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the acquisition, the director now owns 131,095 shares in the company, valued at $3,609,045.35. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in Mobileye Global by 33.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after acquiring an additional 400 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in Mobileye Global by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock valued at $637,000 after buying an additional 400 shares during the period. Green Alpha Advisors LLC lifted its position in Mobileye Global by 2.6% in the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after buying an additional 500 shares during the last quarter. Principal Securities Inc. purchased a new position in Mobileye Global during the fourth quarter worth about $28,000. Finally, Perigon Wealth Management LLC increased its position in shares of Mobileye Global by 6.7% during the first quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock valued at $341,000 after acquiring an additional 664 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Company Profile

(Get Free Report)

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.

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