Mobileye Global (NASDAQ:MBLY) Shares Gap Up – Still a Buy?

Mobileye Global Inc. (NASDAQ:MBLY)’s stock price gapped up before the market opened 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 traded.

Analyst Upgrades and Downgrades

MBLY has been the subject of a number of research analyst reports. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Piper Sandler lifted their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Oppenheimer assumed coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective on the stock. UBS Group increased their price target on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mobileye Global has an average rating of “Hold” and an average target price of $22.24.

Mobileye Global Stock Performance

The business’s 50-day moving average price is $16.09 and its 200 day moving average price is $15.70. The company has a market cap of $13.06 billion, a P/E ratio of -4.21, a P/E/G ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 research analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Institutional Trading of Mobileye Global

A number of institutional investors have recently modified their holdings of MBLY. Parkside Financial Bank & Trust grew its holdings in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after buying an additional 932 shares during the period. Versant Capital Management Inc raised its position in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after acquiring an additional 1,147 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Mobileye Global during the 4th quarter valued at approximately $30,000. 13.25% of the stock is currently owned by institutional investors.

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.