Prescott Group Capital Management L.L.C. Takes Position in Mobileye Global Inc. $MBLY

Prescott Group Capital Management L.L.C. bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 351,463 shares of the company’s stock, valued at approximately $3,669,000.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Mobileye Global in the second quarter valued at about $31,000. IFP Advisors Inc lifted its stake in shares of Mobileye Global by 465.7% in the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after buying an additional 1,495 shares during the period. Rhumbline Advisers bought a new stake in shares of Mobileye Global in the first quarter valued at about $27,000. Financial Management Professionals Inc. bought a new stake in shares of Mobileye Global in the fourth quarter valued at about $32,000. Finally, Leonteq Securities AG bought a new stake in shares of Mobileye Global in the fourth quarter valued at about $33,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Up 1.1%

Shares of MBLY opened at $9.77 on Thursday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of -1.94 and a beta of 1.06. Mobileye Global Inc. has a 12 month low of $6.47 and a 12 month high of $20.18. The company has a 50-day moving average price of $8.14 and a two-hundred day moving average price of $9.68.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $558.00 million during the quarter, compared to analysts’ expectations of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. Equities research analysts expect that Mobileye Global Inc. will post -0.07 EPS for the current fiscal year.

Mobileye Global announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MBLY. UBS Group increased their target price on shares of Mobileye Global from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada reduced their target price on shares of Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. HSBC cut shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research note on Friday, January 23rd. Jefferies Financial Group assumed coverage on shares of Mobileye Global in a research note on Monday. They issued an “underperform” rating and a $8.00 target price for the company. Finally, BNP Paribas Exane cut their price target on shares of Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.70.

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.