Mobileye Global (NASDAQ:MBLY) Shares Gap Up – Here’s What Happened

Mobileye Global Inc. (NASDAQ:MBLY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $15.26, but opened at $17.30. Mobileye Global shares last traded at $16.21, with a volume of 2,758,768 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group lifted their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Piper Sandler boosted their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Mizuho lowered their target price on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays upped their price target on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Oppenheimer assumed coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.24.

Mobileye Global Trading Up 6.7 %

The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of -4.27, a PEG ratio of 69.54 and a beta of 0.29. The company has a 50 day moving average price of $16.10 and a 200 day moving average price of $15.66.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data 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 net margin of 186.82% and a negative return on equity of 0.34%. Equities analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the stock. Quest Partners LLC bought a new position in Mobileye Global during the 3rd quarter worth approximately $102,000. Advisors Asset Management Inc. raised its holdings in Mobileye Global by 63.3% in the third quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company’s stock worth $206,000 after purchasing an additional 5,819 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after purchasing an additional 957,565 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after buying an additional 768,169 shares during the period. Finally, Qsemble Capital Management LP increased its position in shares of Mobileye Global by 543.4% in the 3rd quarter. Qsemble Capital Management LP now owns 57,558 shares of the company’s stock valued at $789,000 after buying an additional 48,612 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.