Mobileye Global (NASDAQ:MBLY) Shares Gap Down – Should You Sell?

Mobileye Global Inc. (NASDAQ:MBLY) shares gapped down before the market opened on Monday . The stock had previously closed at $16.88, but opened at $16.43. Mobileye Global shares last traded at $16.31, with a volume of 976,541 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MBLY shares. Mizuho dropped their target price on shares of Mobileye Global from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. BNP Paribas upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price objective for the company in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Mobileye Global to a “sell” rating in a research report on Tuesday, April 29th. Needham & Company LLC decreased their price objective on Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, TD Cowen raised their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.63.

Mobileye Global Stock Performance

The business’s 50 day moving average price is $14.89 and its 200-day moving average price is $16.18. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of -4.23, a price-to-earnings-growth ratio of 69.54 and a beta of 0.48.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The firm’s revenue for the quarter was up 83.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. On average, analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Boaz Ouriel sold 67,493 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares in the company, valued at $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new stake in Mobileye Global during the first quarter worth approximately $27,000. Woodline Partners LP acquired a new stake in shares of Mobileye Global in the first quarter worth $4,711,000. Caxton Associates LLP purchased a new position in Mobileye Global during the first quarter valued at approximately $422,000. Sender Co & Partners Inc. acquired a new position in Mobileye Global in the 1st quarter valued at approximately $188,000. Finally, Tiger Pacific Capital LP increased its position in Mobileye Global by 9.8% in the 1st quarter. Tiger Pacific Capital LP now owns 147,821 shares of the company’s stock worth $2,128,000 after purchasing an additional 13,221 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

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.