Mobileye Global Inc. (NASDAQ:MBLY) Given Average Rating of “Moderate Buy” by Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $41.58.

Several research firms have recently issued reports on MBLY. Robert W. Baird decreased their price target on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Raymond James lowered their price target on Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd. Barclays reduced their price objective on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Canaccord Genuity Group raised their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Mobileye Global in a report on Friday.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in Mobileye Global in the 3rd quarter valued at $25,000. Golden State Equity Partners acquired a new stake in shares of Mobileye Global in the 3rd quarter valued at $208,000. Commonwealth Equity Services LLC grew its holdings in shares of Mobileye Global by 20.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 15,489 shares of the company’s stock worth $644,000 after purchasing an additional 2,640 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Mobileye Global by 25.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,885,263 shares of the company’s stock worth $78,333,000 after purchasing an additional 388,109 shares in the last quarter. Finally, S. R. Schill & Associates increased its position in shares of Mobileye Global by 7.6% during the 3rd quarter. S. R. Schill & Associates now owns 12,005 shares of the company’s stock worth $499,000 after purchasing an additional 848 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Stock Down 5.5 %

NASDAQ MBLY opened at $29.20 on Monday. The company has a 50 day moving average price of $29.23 and a two-hundred day moving average price of $33.33. Mobileye Global has a 12-month low of $23.49 and a 12-month high of $47.41. The stock has a market capitalization of $23.54 billion, a PE ratio of -139.05, a price-to-earnings-growth ratio of 13.57 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $637.53 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.75%. Mobileye Global’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, equities analysts anticipate that Mobileye Global will post 0.14 EPS for the current year.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.