Mobileye Global (NASDAQ:MBLY) Shares Gap Down to $30.90

Mobileye Global Inc. (NASDAQ:MBLY) gapped down before the market opened on Friday . The stock had previously closed at $30.90, but opened at $29.90. Mobileye Global shares last traded at $28.96, with a volume of 1,592,112 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $47.00 to $22.00 in a research report on Thursday, January 4th. Canaccord Genuity Group upped their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen upped their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada reduced their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Finally, Piper Sandler increased their price objective on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.33.

Mobileye Global Stock Down 5.5 %

The stock’s 50 day moving average price is $29.16 and its 200-day moving average price is $33.47. The stock has a market capitalization of $23.54 billion, a P/E ratio of -723.57, a P/E/G ratio of 14.47 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The firm had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts anticipate that Mobileye Global Inc. will post 0.14 earnings per share for the current year.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 3,600 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the purchase, the director now owns 129,095 shares in the company, valued at $3,582,386.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently bought and sold shares of the company. CWM LLC acquired a new stake in Mobileye Global in the third quarter valued at approximately $25,000. Principal Securities Inc. acquired a new stake in Mobileye Global in the fourth quarter valued at approximately $28,000. Register Financial Advisors LLC acquired a new stake in Mobileye Global in the first quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Mobileye Global in the third quarter worth $35,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Mobileye Global by 33.3% in the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock worth $50,000 after buying an additional 300 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

About Mobileye Global

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.