Janney Montgomery Scott LLC Buys 59,676 Shares of Mobileye Global Inc. $MBLY

Janney Montgomery Scott LLC boosted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 80.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,026 shares of the company’s stock after acquiring an additional 59,676 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Mobileye Global were worth $921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Burkehill Global Management LP purchased a new position in Mobileye Global in the 3rd quarter worth approximately $42,360,000. Two Sigma Investments LP lifted its position in Mobileye Global by 131.9% in the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after purchasing an additional 2,493,181 shares during the last quarter. Engineers Gate Manager LP boosted its stake 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 valued at $37,348,000 after purchasing an additional 2,092,250 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Mobileye Global by 436.0% during the third quarter. BNP Paribas Financial Markets now owns 2,489,803 shares of the company’s stock valued at $35,156,000 after purchasing an additional 2,025,257 shares during the period. Finally, Pacer Advisors Inc. bought a new position in shares of Mobileye Global in the fourth quarter worth approximately $15,290,000. 13.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. TD Cowen raised their price target on shares of Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Mizuho boosted their price objective on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Barclays lowered their price objective on shares of Mobileye Global from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Finally, Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.77.

Mobileye Global Price Performance

Shares of MBLY stock opened at $9.55 on Monday. The stock has a fifty day moving average of $9.44 and a 200 day moving average of $9.11. Mobileye Global Inc. has a 52 week low of $6.47 and a 52 week high of $17.12. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of -1.89 and a beta of 1.16.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The business had revenue of $558.00 million for the quarter, compared to the consensus estimate of $519.34 million. During the same period in the previous year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. Equities research analysts anticipate that Mobileye Global Inc. will post -0.09 earnings per share for the current year.

Mobileye Global declared that its board has initiated a share buyback program on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Mobileye Global 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.