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

Mobileye Global Inc. (NASDAQ:MBLY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $16.71, but opened at $16.33. Mobileye Global shares last traded at $16.17, with a volume of 589,212 shares changing hands.

Analysts Set New Price Targets

Several research analysts have commented on MBLY shares. Robert W. Baird raised their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen raised their price target on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Oppenheimer initiated coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and a consensus price target of $23.15.

Mobileye Global Stock Up 1.9 %

The stock’s fifty day simple moving average is $17.80 and its two-hundred day simple moving average is $16.09. The firm has a market cap of $13.23 billion, a PE ratio of -4.47, a PEG ratio of 10.97 and a beta of 0.30.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.63%. On average, equities research analysts anticipate that Mobileye Global Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors have recently made changes to their positions in the company. BCGM Wealth Management LLC increased its holdings in shares of Mobileye Global by 178.0% in the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after purchasing an additional 122,031 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after buying an additional 957,565 shares during the last quarter. Geode Capital Management LLC raised its position in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after buying an additional 279,082 shares during the last quarter. PFG Investments LLC bought a new position in Mobileye Global during the 3rd quarter valued at about $635,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at about $2,598,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.