Mobileye Global Inc. (NASDAQ:MBLY) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 73.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,373 shares of the company’s stock after buying an additional 26,349 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Mobileye Global were worth $855,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in shares of Mobileye Global during the 1st quarter valued at approximately $32,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global during the second quarter worth $84,000. Natixis Investment Managers International bought a new position in shares of Mobileye Global in the 1st quarter worth about $99,000. PNC Financial Services Group Inc. boosted its holdings in shares of Mobileye Global by 64.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock valued at $162,000 after buying an additional 1,470 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after buying an additional 3,478 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Fox Advisors cut shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 1st. Daiwa Capital Markets lowered Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. HSBC began coverage on Mobileye Global in a research report on Monday, July 15th. They issued a “buy” rating and a $33.00 target price on the stock. Barclays reduced their price target on shares of Mobileye Global from $27.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Mobileye Global in a report on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global has an average rating of “Hold” and a consensus price target of $25.55.

Mobileye Global Trading Down 0.3 %

Shares of NASDAQ MBLY opened at $12.13 on Thursday. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The firm has a 50-day moving average of $13.18 and a two-hundred day moving average of $22.31. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of -57.76 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. As a group, research analysts predict that Mobileye Global Inc. will post -0.06 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Patrick P. Gelsinger purchased 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the transaction, the director now directly owns 139,106 shares of the company’s stock, valued at $2,153,360.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Amnon Shashua bought 631,963 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the purchase, the chief executive officer now directly owns 4,080,097 shares in the company, valued at $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger bought 6,400 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $15.48 per share, with a total value of $99,072.00. Following the transaction, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Mobileye Global 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.