Stock Traders Purchase Large Volume of Call Options on Mobileye Global (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY) was the recipient of some unusual options trading activity on Friday. Traders bought 46,910 call options on the company. This represents an increase of approximately 66% compared to the typical daily volume of 28,226 call options.

Analyst Upgrades and Downgrades

Several research firms recently commented on MBLY. TD Cowen increased their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird lifted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday. BNP Paribas cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $25.00 to $18.00 in a report on Friday, August 2nd. Finally, Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.25.

Mobileye Global Price Performance

MBLY stock opened at $15.57 on Friday. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $44.48. The business has a 50 day simple moving average of $12.77 and a two-hundred day simple moving average of $20.82. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of -4.27 and a beta of 0.07.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $424.34 million. Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.60%. Mobileye Global’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. Sell-side analysts anticipate that Mobileye Global will post -0.06 EPS for the current fiscal year.

Insider Activity

In other news, Director Patrick P. Gelsinger acquired 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the acquisition, the director now directly owns 139,106 shares in the company, valued at approximately $2,153,360.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Mobileye Global

Several hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in shares of Mobileye Global by 9.9% in the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after buying an additional 774 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Mobileye Global by 24.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after acquiring an additional 1,248 shares during the last quarter. Guinness Atkinson Asset Management Inc grew its holdings in shares of Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after purchasing an additional 1,257 shares in the last quarter. Levin Capital Strategies L.P. increased its position in Mobileye Global by 11.1% in the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock worth $406,000 after purchasing an additional 1,441 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Mobileye Global by 64.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock valued at $162,000 after purchasing an additional 1,470 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.