New Age Alpha Advisors LLC Invests $996,000 in Mobileye Global Inc. (NASDAQ:MBLY)

New Age Alpha Advisors LLC bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $996,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 in the last quarter. Global Retirement Partners LLC lifted its position in shares of Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after purchasing an additional 932 shares during the last quarter. Versant Capital Management Inc grew its stake 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 purchasing an additional 1,131 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of Mobileye Global by 10.9% during the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock worth $233,000 after purchasing an additional 1,147 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Mobileye Global in the fourth quarter valued at $30,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MBLY shares. Piper Sandler upped 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Mobileye Global in a report on Wednesday, March 26th. Oppenheimer initiated coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target on the stock. Barclays boosted their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and increased their target price for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mobileye Global currently has a consensus rating of “Hold” and a consensus target price of $22.24.

Mobileye Global Stock Performance

MBLY stock opened at $14.40 on Tuesday. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00. The company has a fifty day moving average of $16.03 and a 200-day moving average of $15.82. The stock has a market capitalization of $11.68 billion, a PE ratio of -3.77, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 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 forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.