Mobileye NV (MBLY)

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Mobileye NV’s Quiet Period Will Expire on September 10th (NASDAQ:MBLY)
Posted by Karim Khaledi on Sep 5th, 2014 //

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Mobileye NV’s (NASDAQ:MBLY) quiet period will expire on Wednesday, September 10th. Mobileye NV had issued 35,589,000 shares in its initial public offering on August 1st, AR Network reports. The total size of the offering was $889,725,000 based on an initial share price of $25.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

A number of research firms have recently commented on MBLY. Analysts at RBC Capital raised their price target on shares of Mobileye NV from $43.00 to $52.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Mobileye NV in a research note on Wednesday. They now have a $100.00 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Mobileye NV in a research note on Tuesday, August 26th. They set a “buy” rating and a $48.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $52.44.

Mobileye NV (NASDAQ:MBLY) traded up 4.78% during mid-day trading on Friday, hitting $47.54.

The stock had a trading volume of 1,288,519 shares. Mobileye NV has a 52-week low of $31.11 and a 52-week high of $49.44. The stock has a 50-day moving average of $37.86 and a 200-day moving average of $37.86. The company’s market cap is $1.525 billion. Mobileye NV also was the recipient of some unusual options trading activity on Wednesday. Traders acquired 7,425 put options on the stock. This is an increase of approximately 694% compared to the average daily volume of 935 put options.

Mobileye NV (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, September 4th.

The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $33.70 million for the quarter, compared to the consensus estimate of $33.14 million. The company’s revenue for the quarter was up 90.4% on a year-over-year basis. On average, analysts predict that Mobileye NV will post $0.19 earnings per share for the current fiscal year.

Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (NASDAQ:MBLY).




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