Mobileye Global (NASDAQ:MBLY) Shares Gap Down – What’s Next?

Mobileye Global Inc. (NASDAQ:MBLY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $14.97, but opened at $14.64. Mobileye Global shares last traded at $14.78, with a volume of 181,762 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Mizuho reduced their price objective on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Bank of America raised Mobileye Global from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Finally, Barclays raised their price objective on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mobileye Global currently has an average rating of “Hold” and an average price target of $22.95.

Mobileye Global Stock Down 3.5 %

The company’s fifty day simple moving average is $16.23 and its 200 day simple moving average is $15.63. The firm has a market capitalization of $11.71 billion, a PE ratio of -3.78, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (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 EPS for the current year.

Hedge Funds Weigh In On Mobileye Global

Several large investors have recently made changes to their positions in MBLY. Atria Investments Inc lifted its holdings in shares of Mobileye Global by 168.7% during the third quarter. Atria Investments Inc now owns 26,860 shares of the company’s stock valued at $368,000 after purchasing an additional 16,862 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Mobileye Global during the third quarter valued at approximately $550,000. Quest Partners LLC purchased a new position in shares of Mobileye Global during the third quarter valued at approximately $102,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Mobileye Global during the third quarter valued at approximately $1,405,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Mobileye Global by 63.3% during the third quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company’s stock valued at $206,000 after purchasing an additional 5,819 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.