Morgan Stanley Lowers Mobileye Global (NASDAQ:MBLY) Price Target to $13.00

Mobileye Global (NASDAQ:MBLY) had its price objective reduced by equities research analysts at Morgan Stanley from $17.00 to $13.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 13.64% from the company’s previous close.

Several other research analysts have also commented on the stock. TD Cowen dropped their price objective on shares of Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Zacks Research cut shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Barclays increased their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft raised shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, October 6th. Finally, Tigress Financial upped their target price on Mobileye Global from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.55.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $11.44 on Monday. The stock has a market cap of $9.31 billion, a PE ratio of -27.24, a price-to-earnings-growth ratio of 7.05 and a beta of 0.54. Mobileye Global has a 1 year low of $10.74 and a 1 year high of $22.51. The firm has a fifty day moving average price of $13.05 and a 200-day moving average price of $14.54.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $504.00 million during the quarter, compared to analysts’ expectations of $479.93 million. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. On average, research analysts expect that Mobileye Global will post 0.01 EPS for the current year.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in MBLY. IFP Advisors Inc grew its holdings in Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after acquiring an additional 1,495 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Mobileye Global by 24.7% in the 3rd quarter. Advisory Services Network LLC now owns 16,564 shares of the company’s stock worth $234,000 after purchasing an additional 3,284 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Mobileye Global by 49.2% during the third quarter. Kestra Private Wealth Services LLC now owns 18,050 shares of the company’s stock valued at $255,000 after purchasing an additional 5,950 shares in the last quarter. Woodline Partners LP purchased a new position in Mobileye Global during the third quarter valued at approximately $6,093,000. Finally, PharVision Advisers LLC bought a new position in Mobileye Global in the third quarter worth approximately $358,000. 13.25% of the stock is currently owned by 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.