Fox Run Management L.L.C. Invests $248,000 in Mobileye Global Inc. (NASDAQ:MBLY)

Fox Run Management L.L.C. acquired a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,430 shares of the company’s stock, valued at approximately $248,000.

Other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Mobileye Global by 580.0% in 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 bought a new stake in shares of Mobileye Global in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC lifted its stake in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the last quarter. Finally, Quarry LP bought a new stake in Mobileye Global during the third quarter worth approximately $31,000. Institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MBLY. Oppenheimer started coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target on the stock. Mizuho cut their target price on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a report on Wednesday. Piper Sandler lifted their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Finally, UBS Group upped their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average target price of $22.24.

Mobileye Global Stock Performance

Shares of MBLY opened at $15.75 on Friday. The firm has a market cap of $12.77 billion, a PE ratio of -4.12, a PEG ratio of 69.54 and a beta of 0.29. The firm’s 50 day moving average price is $16.08 and its 200 day moving average price is $15.70. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results 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%. On average, sell-side analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Mobileye Global 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.