Mobileye N.V. (MBLY) Short Interest Update
Mobileye N.V. (NYSE:MBLY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 1,711,236 shares, a growth of 51.8% from the July 14th total of 1,127,348 shares. Based on an average daily trading volume, of 1,885,668 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold.
A number of equities analysts recently issued reports on the company. BidaskClub raised Mobileye N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and issued a $63.54 price objective on shares of Mobileye N.V. in a report on Thursday, July 6th. Robert W. Baird lowered Mobileye N.V. from an “outperform” rating to a “neutral” rating and set a $64.00 price objective for the company. in a report on Thursday, April 20th. Vetr raised Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 price objective for the company in a report on Wednesday, April 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $63.54 price objective on shares of Mobileye N.V. in a report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $55.85.
Several institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its position in shares of Mobileye N.V. by 0.9% in the second quarter. Lazard Asset Management LLC now owns 8,842 shares of the software maker’s stock valued at $555,000 after buying an additional 76 shares during the period. Comerica Bank raised its position in shares of Mobileye N.V. by 0.6% in the first quarter. Comerica Bank now owns 18,481 shares of the software maker’s stock valued at $1,145,000 after buying an additional 118 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mobileye N.V. by 0.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,871 shares of the software maker’s stock valued at $2,692,000 after buying an additional 157 shares during the period. Prudential Financial Inc. raised its position in shares of Mobileye N.V. by 1.1% in the first quarter. Prudential Financial Inc. now owns 17,222 shares of the software maker’s stock valued at $1,057,000 after buying an additional 182 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Mobileye N.V. by 14.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the software maker’s stock valued at $149,000 after buying an additional 312 shares during the period. 57.13% of the stock is owned by institutional investors.
Shares of Mobileye N.V. (NYSE MBLY) opened at 63.53 on Wednesday. Mobileye N.V. has a 12 month low of $33.69 and a 12 month high of $63.56. The stock’s 50 day moving average price is $63.25 and its 200-day moving average price is $58.64. The firm has a market cap of $14.10 billion, a P/E ratio of 124.57 and a beta of 0.90.
Mobileye N.V. (NYSE:MBLY) last released its earnings results on Thursday, June 1st. The software maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. Mobileye N.V. had a net margin of 29.43% and a return on equity of 17.78%. The firm had revenue of $124.70 million during the quarter, compared to analyst estimates of $118.52 million. During the same quarter in the previous year, the business earned $0.15 EPS. The business’s quarterly revenue was up 65.8% compared to the same quarter last year. Equities research analysts anticipate that Mobileye N.V. will post $1.05 earnings per share for the current fiscal year.
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Mobileye N.V. Company Profile
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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