34,255 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 34,255 shares of the company’s stock, valued at approximately $1,484,000.

A number of other large investors have also made changes to their positions in MBLY. CWM LLC acquired a new position in shares of Mobileye Global in the 3rd quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in Mobileye Global during the 1st quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in Mobileye Global during the third quarter worth approximately $35,000. International Assets Investment Management LLC purchased a new position in shares of Mobileye Global during the 3rd quarter worth $43,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Mobileye Global by 33.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after buying an additional 300 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on MBLY shares. Wolfe Research reissued a “peer perform” rating on shares of Mobileye Global in a research report on Thursday, January 4th. Royal Bank of Canada reduced their price target on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Raymond James lowered their price objective on Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Mizuho reduced their target price on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Finally, Needham & Company LLC reduced their price objective on shares of Mobileye Global from $43.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Mobileye Global presently has a consensus rating of “Moderate Buy” and an average price target of $44.43.

Mobileye Global Stock Performance

Mobileye Global stock traded down $0.55 during mid-day trading on Thursday, reaching $32.15. 3,120,961 shares of the company were exchanged, compared to its average volume of 5,272,882. The firm has a market cap of $25.92 billion, a PE ratio of -817.30, a price-to-earnings-growth ratio of 15.46 and a beta of -0.32. The firm’s 50-day simple moving average is $27.41 and its two-hundred day simple moving average is $34.60. Mobileye Global Inc. has a twelve month low of $23.49 and a twelve month high of $47.41.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $637.00 million for the quarter, compared to analyst estimates of $637.53 million. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. Mobileye Global’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. As a group, equities research analysts anticipate that Mobileye Global Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling

In other Mobileye Global news, Director Patrick P. Gelsinger bought 3,600 shares of Mobileye Global stock in a transaction on Monday, January 29th. The stock was bought at an average price of $27.75 per share, with a total value of $99,900.00. Following the completion of the acquisition, the director now owns 129,095 shares in the company, valued at $3,582,386.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

About Mobileye Global

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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.