Traders Buy Large Volume of Mobileye Global Call Options (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLYGet Free Report) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 19,116 call options on the stock. This represents an increase of approximately 54% compared to the typical daily volume of 12,428 call options.

Insider Activity

In related news, Director Safroadu Yeboah-Amankwah acquired 11,841 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $8.46 per share, with a total value of $100,174.86. Following the transaction, the director 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frank D. Yeary bought 12,360 shares of the stock in a transaction on Thursday, July 30th. The stock was bought at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the purchase, the director directly owned 12,360 shares in the company, valued at approximately $98,632.80. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 10.00% of the company’s stock.

Institutional Trading of Mobileye Global

Several hedge funds and other institutional investors have recently made changes to their positions in MBLY. IFP Advisors Inc grew its position in Mobileye Global by 465.7% during the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after buying an additional 1,495 shares during the period. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the 1st quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Mobileye Global during the 2nd quarter worth approximately $31,000. Financial Management Professionals Inc. purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $32,000. Finally, Leonteq Securities AG acquired a new stake in shares of Mobileye Global in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Down 3.9%

Shares of MBLY traded down $0.36 during mid-day trading on Tuesday, hitting $8.87. The company’s stock had a trading volume of 5,370,351 shares, compared to its average volume of 7,379,199. Mobileye Global has a 1-year low of $6.47 and a 1-year high of $15.81. The firm has a market capitalization of $7.45 billion, a P/E ratio of -1.78, a P/E/G ratio of 3.04 and a beta of 1.21. The firm has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $8.72.

Mobileye Global (NASDAQ:MBLYGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.13. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The firm had revenue of $508.00 million for the quarter, compared to analyst estimates of $480.51 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Mobileye Global’s quarterly revenue was up .4% on a year-over-year basis. As a group, sell-side analysts predict that Mobileye Global will post 0.11 EPS for the current fiscal year.

Mobileye Global declared that its board has authorized a share buyback program on Thursday, April 23rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MBLY has been the subject of several analyst reports. Royal Bank Of Canada cut their price target on Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Weiss Ratings raised shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group cut their price objective on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, July 24th. BNP Paribas Exane reduced their target price on shares of Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Mizuho lowered their target price on shares of Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.65.

Read Our Latest Stock Analysis on MBLY

Mobileye Global Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Mobileye Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye Global and related companies with MarketBeat.com's FREE daily email newsletter.