Mobileye Global (NASDAQ:MBLY) Director Purchases $100,174.86 in Stock

Mobileye Global Inc. (NASDAQ:MBLY) Director Safroadu Yeboah-Amankwah bought 11,841 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $8.46 per share, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mobileye Global Stock Performance

MBLY traded up $0.02 on Monday, hitting $8.75. 4,042,930 shares of the company were exchanged, compared to its average volume of 7,521,197. The stock’s fifty day moving average is $9.01 and its 200-day moving average is $8.78. Mobileye Global Inc. has a 12 month low of $6.47 and a 12 month high of $15.81. The company has a market cap of $7.35 billion, a PE ratio of -1.75, a PEG ratio of 2.98 and a beta of 1.20.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. The firm had revenue of $508.00 million during the quarter, compared to the consensus estimate of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share. As a group, equities research analysts expect that Mobileye Global Inc. will post 0.11 EPS for the current fiscal year.

Mobileye Global announced that its board has approved a stock repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

MBLY has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their target price on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, July 24th. TD Cowen cut their price target on shares of Mobileye Global from $11.50 to $9.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Zacks Research raised shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, The Goldman Sachs Group upped their target price on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and a consensus price target of $12.64.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds have recently added to or reduced their stakes in MBLY. IFP Advisors Inc increased its holdings in shares of Mobileye Global by 465.7% in the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after purchasing an additional 1,495 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Mobileye Global in the first quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Mobileye Global during the 2nd quarter worth about $31,000. Financial Management Professionals Inc. acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $32,000. Finally, Leonteq Securities AG bought a new stake in shares of Mobileye Global during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

About Mobileye Global

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.