Avantax Advisory Services Inc. Invests $3.24 Million in Mobileye Global Inc. (NASDAQ:MBLY)

Avantax Advisory Services Inc. purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 162,519 shares of the company’s stock, valued at approximately $3,237,000.

Other institutional investors also recently added to or reduced their stakes in the company. Atria Investments Inc grew its stake in Mobileye Global by 168.7% in the 3rd quarter. Atria Investments Inc now owns 26,860 shares of the company’s stock worth $368,000 after acquiring an additional 16,862 shares in the last quarter. Entropy Technologies LP grew its stake in Mobileye Global by 102.8% in the third quarter. Entropy Technologies LP now owns 18,658 shares of the company’s stock worth $256,000 after purchasing an additional 9,459 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Mobileye Global during the 3rd quarter worth $550,000. Impax Asset Management Group plc purchased a new stake in shares of Mobileye Global in the 3rd quarter worth $871,000. Finally, BCGM Wealth Management LLC grew its position in shares of Mobileye Global by 178.0% during the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after buying an additional 122,031 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MBLY. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Loop Capital lifted their target price on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a research report on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Friday, January 31st. Finally, Barclays raised their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.95.

Mobileye Global Trading Up 3.5 %

Shares of NASDAQ MBLY opened at $14.97 on Friday. The company has a 50 day simple moving average of $16.47 and a two-hundred day simple moving average of $15.61. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of -3.92, a PEG ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (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%. Analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

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.