Mobileye Global (NASDAQ:MBLY) Shares Gap Up to $30.13

Mobileye Global Inc. (NASDAQ:MBLY) gapped up prior to trading on Wednesday . The stock had previously closed at $30.13, but opened at $31.43. Mobileye Global shares last traded at $31.55, with a volume of 481,047 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on MBLY shares. Bank of America cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $47.00 to $22.00 in a report on Thursday, January 4th. Royal Bank of Canada dropped their target price on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. TD Cowen dropped their target price on shares of Mobileye Global from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. JPMorgan Chase & Co. increased their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Mobileye Global has a consensus rating of “Moderate Buy” and an average price target of $43.91.

Mobileye Global Stock Performance

The business’s 50 day moving average is $28.78 and its 200 day moving average is $33.83. The company has a market capitalization of $24.97 billion, a price-to-earnings ratio of -774.50, a PEG ratio of 14.86 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 25th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $637.00 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. Sell-side analysts predict 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 acquired 3,600 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the purchase, the director now owns 129,095 shares in the company, valued at approximately $3,582,386.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently bought and sold shares of MBLY. LPL Financial LLC acquired a new stake in Mobileye Global during the 4th quarter valued at approximately $201,000. UBS Group AG purchased a new position in shares of Mobileye Global during the 4th quarter valued at approximately $387,000. Advisor Group Holdings Inc. purchased a new position in shares of Mobileye Global during the 4th quarter valued at approximately $209,000. Sei Investments Co. purchased a new position in shares of Mobileye Global during the 4th quarter valued at approximately $1,186,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Mobileye Global during the 4th quarter valued at approximately $5,562,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.