Carson Advisory Inc. Buys New Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Carson Advisory Inc. acquired a new position in Mobileye Global Inc. (NASDAQ:MBLYFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,456 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. purchased a new position in shares of Mobileye Global in the 4th quarter worth $28,000. Register Financial Advisors LLC purchased a new position in shares of Mobileye Global in the 1st quarter worth $32,000. National Bank of Canada FI grew its stake in shares of Mobileye Global by 90.0% in the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after buying an additional 675 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Mobileye Global by 33.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after buying an additional 400 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Mobileye Global in the 4th quarter worth $77,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MBLY shares. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Mobileye Global in a research note on Friday, April 26th. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Friday, April 12th. Citigroup decreased their price objective on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a report on Monday, April 29th. Piper Sandler lifted their price objective on shares of Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, TD Cowen lifted their price objective on shares of Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.88.

Check Out Our Latest Analysis on MBLY

Mobileye Global Stock Performance

Shares of MBLY traded up $0.07 during trading hours on Wednesday, hitting $26.75. The stock had a trading volume of 2,984,015 shares, compared to its average volume of 4,148,818. The firm has a 50-day moving average price of $27.74 and a 200 day moving average price of $29.20. Mobileye Global Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $45.10. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of -127.37, a PEG ratio of 43.27 and a beta of 0.07.

Mobileye Global (NASDAQ:MBLYGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. The firm had revenue of $239.00 million during the quarter, compared to analyst estimates of $226.60 million. As a group, analysts predict that Mobileye Global Inc. will post 0.09 EPS for the current fiscal year.

Insider Activity at Mobileye Global

In related news, Director Patrick P. Gelsinger acquired 1,611 shares of Mobileye Global stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the transaction, the director now owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Patrick P. Gelsinger acquired 1,611 shares of Mobileye Global stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the transaction, the director now owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick P. Gelsinger acquired 2,000 shares of Mobileye Global stock in a transaction on Monday, April 29th. The shares were bought at an average price of $27.53 per share, with a total value of $55,060.00. Following the completion of the transaction, the director now directly owns 131,095 shares of the company’s stock, valued at approximately $3,609,045.35. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

About Mobileye Global

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Mobileye Global (NASDAQ:MBLY)

Receive News & Ratings for Mobileye Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye Global and related companies with MarketBeat.com's FREE daily email newsletter.