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 trading volume of 1,885,668 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the company’s stock are short sold.
Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Mobileye N.V. during the second quarter valued at approximately $107,000. Baldwin Brothers Inc. MA bought a new stake in shares of Mobileye N.V. during the first quarter valued at approximately $123,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Mobileye N.V. during the first quarter valued at approximately $126,000. Chicago Partners Investment Group LLC bought a new stake in shares of Mobileye N.V. during the second quarter valued at approximately $138,000. Finally, Victory Capital Management Inc. raised its stake in shares of Mobileye N.V. by 44.1% in the second quarter. Victory Capital Management Inc. now owns 2,236 shares of the software maker’s stock valued at $140,000 after buying an additional 684 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.
Mobileye N.V. (MBLY) opened at 63.53 on Wednesday. The company has a 50-day moving average of $63.25 and a 200-day moving average of $58.64. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 124.57 and a beta of 0.90. Mobileye N.V. has a 52 week low of $33.69 and a 52 week high of $63.56.
Mobileye N.V. (NYSE:MBLY) last announced its quarterly earnings data on Thursday, June 1st. The software maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The business had revenue of $124.70 million for the quarter, compared to analyst estimates of $118.52 million. Mobileye N.V. had a net margin of 29.43% and a return on equity of 17.78%. The company’s revenue for the quarter was up 65.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities research analysts forecast that Mobileye N.V. will post $1.05 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of Mobileye N.V. from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and set a $63.54 price target on shares of Mobileye N.V. in a research report on Thursday, July 6th. Royal Bank Of Canada reissued a “hold” rating and set a $63.54 price target on shares of Mobileye N.V. in a research report on Friday, May 19th. Vetr raised shares of Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 price target on the stock in a research report on Wednesday, April 26th. Finally, Robert W. Baird cut shares of Mobileye N.V. from an “outperform” rating to a “neutral” rating and set a $64.00 price target on the stock. in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.85.
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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