Mobileye Global (NASDAQ:MBLY) Rating Lowered to “Neutral” at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY) was downgraded by research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued on Monday, Marketbeat.com reports. They currently have a $17.00 price target on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 5.20% from the company’s current price.

A number of other research analysts also recently issued reports on MBLY. TD Cowen boosted their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Mizuho reduced 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 company 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 company a “neutral” rating in a research report on Thursday, March 20th. Finally, Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.63.

Mobileye Global Stock Performance

Shares of MBLY opened at $16.16 on Monday. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of -4.23, a PEG ratio of 69.54 and a beta of 0.48. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $32.23. The firm has a 50 day moving average price of $14.89 and a 200-day moving average price of $16.18.

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

Insider Buying and Selling

In related news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total value of $1,085,962.37. Following the completion of the sale, the executive vice president now directly owns 107,853 shares of the company’s stock, valued at approximately $1,735,354.77. This represents a 38.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after acquiring an additional 932 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Mobileye Global during the first quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mobileye Global during the fourth quarter worth $40,000. Finally, Ancora Advisors LLC bought a new position in shares of Mobileye Global during the fourth quarter worth $40,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.