Mobileye Global (NASDAQ:MBLY) Shares Gap Down – Should You Sell?

Mobileye Global Inc. (NASDAQ:MBLY) gapped down prior to trading 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 traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MBLY shares. Oppenheimer started coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price objective for the company. UBS Group boosted their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $19.00 in a report on Monday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a report on Friday, January 31st. Finally, Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.95.

Mobileye Global Stock Performance

The company has a market cap of $11.71 billion, a P/E ratio of -3.78, a P/E/G ratio of 69.54 and a beta of 0.29. The firm’s fifty day moving average is $16.23 and its two-hundred day moving average is $15.63.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, equities research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

Institutional Trading of Mobileye Global

Several hedge funds have recently bought and sold shares of MBLY. Parkside Financial Bank & Trust lifted its stake in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after purchasing an additional 737 shares in the last quarter. Versant Capital Management Inc lifted its stake in Mobileye Global by 580.0% in the 4th 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. FNY Investment Advisers LLC purchased a new stake in Mobileye Global in the 4th quarter worth $30,000. Quarry LP purchased a new stake in Mobileye Global in the 3rd quarter worth $31,000. Finally, Global Retirement Partners LLC lifted its stake in Mobileye Global by 136.9% in 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 in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.