Safroadu Yeboah-Amankwah Buys 11,841 Shares of Mobileye Global (NASDAQ:MBLY) Stock

Mobileye Global Inc. (NASDAQ:MBLY) Director Safroadu Yeboah-Amankwah bought 11,841 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the purchase, the director directly owned 84,336 shares of the company’s stock, valued at $713,482.56. The trade was a 16.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mobileye Global Stock Performance

MBLY stock opened at $8.87 on Wednesday. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of -1.78, a PEG ratio of 2.98 and a beta of 1.20. The firm has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $8.76. Mobileye Global Inc. has a one year low of $6.47 and a one year high of $15.81.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. The business had revenue of $508.00 million for the quarter, compared to analysts’ expectations of $480.51 million. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The company’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. As a group, equities analysts predict that Mobileye Global Inc. will post 0.11 earnings per share for the current fiscal year.

Mobileye Global announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 23rd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Mobileye Global

Several large investors have recently added to or reduced their stakes in MBLY. Two Sigma Investments LP increased its holdings in shares of Mobileye Global by 131.9% in the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after purchasing an additional 2,493,181 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Mobileye Global by 24.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock worth $24,634,000 after purchasing an additional 705,400 shares during the period. Engineers Gate Manager LP boosted its position in Mobileye Global by 140.9% in the fourth quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock valued at $37,348,000 after buying an additional 2,092,250 shares during the last quarter. DNB Asset Management AS boosted its position in Mobileye Global by 23.1% in the fourth quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock valued at $36,608,000 after buying an additional 658,585 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Mobileye Global by 65.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock worth $43,286,000 after buying an additional 1,213,448 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. The Goldman Sachs Group boosted their target price on Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. BNP Paribas Exane reduced their target price on Mobileye Global from $11.50 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Mobileye Global in a research note on Friday, July 24th. Finally, Tigress Financial lowered their price target on Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.64.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.