Mobileye N.V. (MBLY) Downgraded to Sell at BidaskClub
Mobileye N.V. (NYSE:MBLY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
A number of other research firms have also recently commented on MBLY. Jefferies Group LLC reaffirmed a “hold” rating and issued a $63.54 price target on shares of Mobileye N.V. in a report on Thursday, July 6th. Robert W. Baird cut shares of Mobileye N.V. from an “outperform” rating to a “neutral” rating and set a $64.00 target price on the stock. in a report on Thursday, April 20th. Vetr raised shares of Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 target price on the stock in a report on Wednesday, April 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $63.54 target price on shares of Mobileye N.V. in a report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $55.85.
Mobileye N.V. (NYSE:MBLY) remained flat at $63.53 during mid-day trading on Friday. 541,745 shares of the company were exchanged. Mobileye N.V. has a 12-month low of $33.69 and a 12-month high of $63.56. The company has a market capitalization of $14.10 billion, a P/E ratio of 124.57 and a beta of 0.90. The firm has a 50-day moving average of $63.31 and a 200 day moving average of $58.85.
Mobileye N.V. (NYSE:MBLY) last posted its quarterly 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. The company had revenue of $124.70 million for the quarter, compared to analysts’ expectations of $118.52 million. Mobileye N.V. had a net margin of 29.43% and a return on equity of 17.78%. Mobileye N.V.’s revenue was up 65.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. Analysts expect that Mobileye N.V. will post $1.05 EPS for the current year.
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Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Mobileye N.V. by 3,937.9% in the first quarter. BlackRock Inc. now owns 5,498,463 shares of the software maker’s stock valued at $337,606,000 after buying an additional 5,362,292 shares during the period. Tyrus Capital S.A.M. increased its position in Mobileye N.V. by 476.9% in the second quarter. Tyrus Capital S.A.M. now owns 6,000,000 shares of the software maker’s stock worth $376,800,000 after buying an additional 4,960,000 shares during the last quarter. Farallon Capital Management LLC increased its position in Mobileye N.V. by 226.4% in the second quarter. Farallon Capital Management LLC now owns 5,907,500 shares of the software maker’s stock worth $370,991,000 after buying an additional 4,097,500 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Mobileye N.V. by 86.2% in the first quarter. Canada Pension Plan Investment Board now owns 4,940,877 shares of the software maker’s stock worth $303,370,000 after buying an additional 2,288,007 shares during the last quarter. Finally, FMR LLC increased its position in Mobileye N.V. by 50.0% in the second quarter. FMR LLC now owns 6,341,981 shares of the software maker’s stock worth $398,277,000 after buying an additional 2,115,253 shares during the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.
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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