Mobileye Global (NASDAQ:MBLY) Shares Gap Up to $30.13

Mobileye Global Inc. (NASDAQ:MBLY) gapped up prior to trading on Wednesday . The stock had previously closed at $30.13, but opened at $31.43. Mobileye Global shares last traded at $31.55, with a volume of 481,047 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Friday, April 12th. Raymond James dropped their price target on Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Barclays dropped their price target on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. Piper Sandler began coverage on Mobileye Global in a research note on Friday, March 15th. They issued a “neutral” rating and a $31.00 price target on the stock. Finally, Royal Bank of Canada dropped their price target on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.91.

Mobileye Global Stock Up 3.8 %

The firm has a 50 day moving average of $28.61 and a two-hundred day moving average of $33.87. The firm has a market capitalization of $25.23 billion, a price-to-earnings ratio of -753.06, a price-to-earnings-growth ratio of 15.46 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The firm had revenue of $637.00 million for the quarter, compared to analyst estimates of $637.53 million. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Sell-side analysts forecast that Mobileye Global Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity

In related news, Director Patrick P. Gelsinger acquired 3,600 shares of the stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the transaction, the director now directly owns 129,095 shares of the company’s stock, valued at $3,582,386.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently made changes to their positions in the stock. CWM LLC bought a new position in shares of Mobileye Global during the third quarter worth about $25,000. Hollencrest Capital Management bought a new stake in Mobileye Global in the first quarter worth approximately $27,000. Principal Securities Inc. bought a new stake in Mobileye Global in the fourth quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC bought a new stake in Mobileye Global in the third quarter worth approximately $35,000. Finally, Register Financial Advisors LLC bought a new stake in Mobileye Global in the first quarter worth approximately $32,000. 13.25% of the stock is currently 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.