Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Recommendation of “Hold” from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given an average recommendation of “Hold” by the twenty-five research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.63.

A number of research analysts have weighed in on MBLY shares. Needham & Company LLC cut their price target on shares of Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Mizuho cut their price objective on shares of Mobileye Global from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Robert W. Baird boosted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Piper Sandler boosted their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, Barclays reissued an “equal weight” rating and issued a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th.

Insider Buying and Selling

In related news, EVP Boaz Ouriel sold 67,493 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now directly owns 107,853 shares in the company, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Mobileye Global in the first quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mobileye Global in the fourth quarter valued at $40,000. Finally, Ancora Advisors LLC acquired a new position in shares of Mobileye Global in the fourth quarter valued at $40,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $15.87 on Tuesday. The stock has a market cap of $12.89 billion, a P/E ratio of -4.15, a P/E/G ratio of 69.54 and a beta of 0.38. The firm has a 50 day moving average price of $14.68 and a 200 day moving average price of $16.20. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $33.26.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. The business’s revenue was up 83.3% on a year-over-year basis. Analysts predict that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Mobileye Global Company Profile

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.