Mobileye Global Inc. (NASDAQ:MBLY) Director Purchases $99,072.00 in Stock

Mobileye Global Inc. (NASDAQ:MBLY) Director Patrick P. Gelsinger acquired 6,400 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $15.48 per share, with a total value of $99,072.00. Following the completion of the purchase, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $15.89 on Friday. Mobileye Global Inc. has a 52-week low of $14.33 and a 52-week high of $44.48. The business’s fifty day moving average is $25.07 and its 200 day moving average is $27.26. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of -75.67, a PEG ratio of 29.75 and a beta of 0.13.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Equities analysts predict that Mobileye Global Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on MBLY shares. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a report on Friday, April 12th. Needham & Company LLC decreased their price objective on shares of Mobileye Global from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Westpark Capital restated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Finally, UBS Group dropped their price target on Mobileye Global from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.89.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in shares of Mobileye Global during the 4th quarter valued at $28,000. Register Financial Advisors LLC purchased a new stake in shares of Mobileye Global in the 1st quarter valued at about $32,000. National Bank of Canada FI raised its holdings in shares of Mobileye Global by 90.0% in the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock valued at $59,000 after acquiring an additional 675 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Mobileye Global during the 4th quarter valued at about $77,000. Finally, Lee Financial Co purchased a new position in shares of Mobileye Global during the fourth quarter worth about $108,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.