Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by TrueMark Investments LLC

TrueMark Investments LLC reduced its position in Mobileye Global Inc. (NASDAQ:MBLY) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 41,206 shares of the company’s stock after selling 3,407 shares during the period. TrueMark Investments LLC’s holdings in Mobileye Global were worth $821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after acquiring an additional 737 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Mobileye Global by 580.0% during 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 during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global during the fourth quarter worth about $30,000. Quarry LP acquired a new position in shares of Mobileye Global in the third quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC grew 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 acquiring an additional 932 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Up 8.7 %

Shares of MBLY stock opened at $16.58 on Wednesday. The firm has a fifty day simple moving average of $16.11 and a 200-day simple moving average of $15.69. The company has a market capitalization of $13.45 billion, a PE ratio of -4.34, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share 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%. Equities research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

MBLY has been the subject of a number of recent analyst reports. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $19.00 in a report on Monday, February 10th. Piper Sandler raised their target price on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. UBS Group upped their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mobileye Global has an average rating of “Hold” and a consensus target price of $22.24.

About Mobileye Global

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.