Mobileye Global (NASDAQ:MBLY) Director Frank Yeary Purchases 12,360 Shares

Mobileye Global Inc. (NASDAQ:MBLY) Director Frank Yeary bought 12,360 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were bought at an average cost of $7.98 per share, for a total transaction of $98,632.80. Following the transaction, the director directly owned 12,360 shares in the company, valued at approximately $98,632.80. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mobileye Global Trading Up 1.8%

MBLY opened at $8.08 on Tuesday. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of -1.62, a PEG ratio of 2.71 and a beta of 1.16. Mobileye Global Inc. has a 12 month low of $6.47 and a 12 month high of $15.81. The stock has a fifty day moving average price of $9.15 and a 200-day moving average price of $8.85.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The company had revenue of $508.00 million for the quarter, compared to the consensus estimate of $480.51 million. During the same quarter last year, the company earned ($0.08) earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts forecast that Mobileye Global Inc. will post 0.11 EPS for the current year.

Mobileye Global announced that its board has approved a stock buyback plan on Thursday, April 23rd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to purchase up to 3.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently modified their holdings of MBLY. Burkehill Global Management LP purchased a new stake in Mobileye Global during the 3rd quarter valued at about $42,360,000. Two Sigma Investments LP raised its stake in shares of Mobileye Global by 131.9% in the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock worth $61,898,000 after purchasing an additional 2,493,181 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Mobileye Global during the second quarter worth about $23,423,000. Engineers Gate Manager LP lifted its holdings in shares of Mobileye Global by 140.9% during the fourth quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock worth $37,348,000 after purchasing an additional 2,092,250 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Mobileye Global by 436.0% in the third quarter. BNP Paribas Financial Markets now owns 2,489,803 shares of the company’s stock valued at $35,156,000 after buying an additional 2,025,257 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Canaccord Genuity Group reduced their price objective on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. cut their price target on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Wall Street Zen upgraded Mobileye Global from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Jefferies Financial Group initiated coverage on Mobileye Global in a research report on Monday, May 18th. They issued an “underperform” rating and a $8.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.64.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.