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

Mobileye Global Inc. (NASDAQ:MBLY) has been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.3158.

Several equities analysts recently commented on the stock. Tigress Financial increased their target price on shares of Mobileye Global from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Evercore ISI cut their price target on shares of Mobileye Global from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Mizuho decreased their price objective on Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Bank of America lowered their target price on Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. Finally, TD Cowen dropped their target price on Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, October 24th.

Mobileye Global Price Performance

Shares of MBLY opened at $10.19 on Friday. Mobileye Global has a 1 year low of $10.04 and a 1 year high of $22.51. The stock has a 50 day simple moving average of $12.39 and a two-hundred day simple moving average of $14.25. The firm has a market cap of $8.29 billion, a P/E ratio of -24.26, a P/E/G ratio of 4.52 and a beta of 0.54.

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

Institutional Inflows and Outflows

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

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.