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

Mobileye Global Inc. (NASDAQ:MBLY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $14.97, but opened at $14.64. Mobileye Global shares last traded at $14.78, with a volume of 181,762 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Mizuho decreased their target price on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. UBS Group increased their target price on Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 target price on shares of Mobileye Global in a research report on Thursday, December 5th. Finally, Oppenheimer started coverage on Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.95.

Mobileye Global Stock Performance

The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of -3.91, a P/E/G ratio of 69.54 and a beta of 0.29. The business has a 50 day simple moving average of $16.47 and a 200-day simple moving average of $15.62.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. Equities analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PKO Investment Management Joint Stock Co acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $1,793,000. Shufro Rose & Co. LLC increased its position in shares of Mobileye Global by 100.0% during the 4th quarter. Shufro Rose & Co. LLC now owns 20,000 shares of the company’s stock worth $398,000 after purchasing an additional 10,000 shares during the last quarter. Tidal Investments LLC increased its position in shares of Mobileye Global by 30.9% during the 4th quarter. Tidal Investments LLC now owns 47,885 shares of the company’s stock worth $954,000 after purchasing an additional 11,299 shares during the last quarter. Tiger Pacific Capital LP acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $2,681,000. Finally, Needham Investment Management LLC acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $996,000. 13.25% of the stock is owned by institutional investors and hedge funds.

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.