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

Mobileye Global Inc. (NASDAQ:MBLY) shares 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 traded.

Analyst Ratings Changes

MBLY has been the topic of a number of research reports. Barclays reduced their target price on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Canaccord Genuity Group boosted their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley lowered shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $26.00 to $25.00 in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price objective on shares of Mobileye Global in a research report on Friday. Finally, Raymond James decreased their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Three 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 MarketBeat, Mobileye Global presently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Mobileye Global Stock Down 5.5 %

The firm has a market cap of $23.54 billion, a P/E ratio of -723.57, a price-to-earnings-growth ratio of 14.47 and a beta of -0.21. The firm’s 50-day simple moving average is $29.16 and its 200 day simple moving average is $33.47.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results 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 firm had revenue of $637.00 million during the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. As a group, analysts forecast that Mobileye Global Inc. will post 0.14 earnings per share for the current year.

Insider Transactions at Mobileye Global

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

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently bought and sold shares of the company. CWM LLC purchased a new position in Mobileye Global during the third quarter valued at approximately $25,000. Principal Securities Inc. purchased a new position in Mobileye Global during the fourth quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC purchased a new position in Mobileye Global during the third quarter valued at approximately $35,000. Register Financial Advisors LLC purchased a new position in Mobileye Global during the first quarter valued at approximately $32,000. Finally, Venturi Wealth Management LLC grew its stake in 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 acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.