SeaCrest Wealth Management LLC Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

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

Several other institutional investors have also made changes to their positions in the company. CWM LLC purchased a new stake in shares of Mobileye Global in the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new stake in Mobileye Global during the 1st quarter valued at $27,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Mobileye Global in the third quarter valued at $35,000. International Assets Investment Management LLC acquired a new stake in shares of Mobileye Global in the third quarter worth $43,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Mobileye Global by 33.3% during the third 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 in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Stock Down 1.7 %

MBLY stock traded down $0.55 during mid-day trading on Thursday, reaching $32.15. 3,120,961 shares of the stock traded hands, compared to its average volume of 5,272,882. The firm has a market capitalization of $25.92 billion, a PE ratio of -817.30, a P/E/G ratio of 15.46 and a beta of -0.32. The business has a 50-day moving average of $27.41 and a two-hundred day moving average of $34.60. Mobileye Global Inc. has a 52 week low of $23.49 and a 52 week 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, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $637.53 million. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger purchased 3,600 shares of Mobileye Global stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $27.75 per share, with a total value of $99,900.00. Following the acquisition, the director now directly owns 129,095 shares in the company, valued at $3,582,386.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MBLY shares. Needham & Company LLC decreased their price objective on Mobileye Global from $43.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, January 5th. Barclays lowered their price objective on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Bank of America lowered 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 note on Thursday, January 4th. Mizuho dropped their price target on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, Robert W. Baird reduced their price objective on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.43.

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.