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

Mobileye Global Inc. (NASDAQ:MBLY)’s share 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 changing hands.

Analyst Upgrades and Downgrades

MBLY has been the subject of a number of research analyst reports. UBS Group raised their target price on Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Loop Capital raised their target price on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays raised their target price on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Hold” and an average price target of $22.95.

Mobileye Global Stock Up 0.1 %

The company has a market cap of $12.15 billion, a price-to-earnings ratio of -3.91, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The firm has a 50-day simple moving average of $16.47 and a 200 day simple moving average of $15.62.

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 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%. As a group, research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BCGM Wealth Management LLC increased its holdings in shares of Mobileye Global by 178.0% in the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock valued at $2,611,000 after purchasing an additional 122,031 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after purchasing an additional 957,565 shares during the period. ARK Investment Management LLC increased its holdings in shares of Mobileye Global by 89.4% in the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock valued at $2,825,000 after purchasing an additional 66,934 shares during the period. Geode Capital Management LLC boosted its stake in shares of Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after buying an additional 279,082 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Mobileye Global in the third quarter valued at approximately $2,598,000. Institutional investors and hedge funds 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.