Mobileye Global Inc. (NASDAQ:MBLY) Director Acquires $99,072.00 in Stock

Mobileye Global Inc. (NASDAQ:MBLY) Director Patrick P. Gelsinger acquired 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $15.48 per share, with a total value of $99,072.00. Following the completion of the purchase, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mobileye Global Stock Up 2.8 %

Shares of MBLY traded up $0.43 during mid-day trading on Tuesday, hitting $15.61. 6,749,751 shares of the company’s stock were exchanged, compared to its average volume of 4,429,120. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of -72.29, a price-to-earnings-growth ratio of 29.75 and a beta of 0.13. The stock’s 50-day simple moving average is $25.70 and its 200-day simple moving average is $27.52. Mobileye Global Inc. has a 52 week low of $14.33 and a 52 week high of $44.48.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. Mobileye Global’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.11 earnings per share. Analysts forecast that Mobileye Global Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MBLY has been the topic of several analyst reports. Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $25.00 to $18.00 in a report on Friday. TD Cowen raised 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. Daiwa Capital Markets cut Mobileye Global from a “buy” rating to a “neutral” rating in a report on Monday. BNP Paribas cut Mobileye Global from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Monday. Finally, Robert W. Baird lowered their price target on shares of Mobileye Global from $40.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.89.

Institutional Investors Weigh In On Mobileye Global

A number of large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Mobileye Global in the fourth quarter worth about $437,842,000. Baillie Gifford & Co. boosted its holdings in shares of Mobileye Global by 89.8% during the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock valued at $513,925,000 after acquiring an additional 7,560,929 shares in the last quarter. Kodai Capital Management LP bought a new stake in Mobileye Global during the 4th quarter worth $148,924,000. Wellington Management Group LLP increased its holdings in Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after purchasing an additional 2,266,438 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Mobileye Global during the first quarter valued at about $69,638,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.