Mobileye Global Inc. (NASDAQ:MBLY) Given Average Recommendation of “Hold” by Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has been given an average rating of “Hold” by the twenty-five analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.63.

Several research analysts have recently weighed in on MBLY shares. UBS Group lowered their price objective on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Wall Street Zen upgraded Mobileye Global to a “sell” rating in a report on Tuesday, April 29th. Barclays restated an “equal weight” rating and set a $14.00 price target (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Robert W. Baird lifted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. Finally, BNP Paribas upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 target price on the stock in a research report on Wednesday, April 23rd.

Insider Transactions at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares in the company, valued at $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors have recently bought and sold shares of MBLY. Norges Bank purchased a new stake in Mobileye Global in the 4th quarter valued at $95,937,000. Dimensional Fund Advisors LP bought a new stake in shares of Mobileye Global in the 4th quarter worth $27,155,000. Light Street Capital Management LLC purchased a new stake in shares of Mobileye Global in the fourth quarter valued at about $15,276,000. Yiheng Capital Management L.P. purchased a new stake in shares of Mobileye Global in the fourth quarter valued at about $14,940,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Mobileye Global by 433.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company’s stock valued at $12,837,000 after purchasing an additional 724,695 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $18.34 on Friday. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $28.73. The company has a 50 day simple moving average of $15.72 and a two-hundred day simple moving average of $16.07. The company has a market capitalization of $14.89 billion, a PE ratio of -4.98, a P/E/G ratio of 166.47 and a beta of 0.48.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. The company had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $434.87 million. During the same period in the prior year, the company posted ($0.07) earnings per share. Mobileye Global’s revenue for the quarter was up 83.3% compared to the same quarter last year. Research analysts predict that Mobileye Global will post 0.01 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.