Mobileye Global Inc. (NASDAQ:MBLY) Given Consensus Rating of “Hold” by Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has been assigned an average rating of “Hold” from the twenty-two analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.1053.

MBLY has been the topic of several research reports. Zacks Research lowered Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. The Goldman Sachs Group lowered their price objective on Mobileye Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Monday, October 6th. Finally, Morgan Stanley lowered their price target on shares of Mobileye Global from $17.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $10.75 on Wednesday. Mobileye Global has a 1 year low of $10.04 and a 1 year high of $20.18. The stock has a market capitalization of $8.75 billion, a P/E ratio of -25.60, a P/E/G ratio of 2.92 and a beta of 0.57. The company’s 50-day moving average is $11.35 and its 200 day moving average is $13.57.

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

Institutional Trading of Mobileye Global

Hedge funds have recently made changes to their positions in the stock. Intel Corp purchased a new stake in shares of Mobileye Global in the 3rd quarter worth approximately $706,000,000. Burkehill Global Management LP bought a new stake in Mobileye Global in the third quarter worth $42,360,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mobileye Global in the third quarter worth $40,670,000. DNB Asset Management AS purchased a new stake in shares of Mobileye Global in the third quarter worth $40,212,000. Finally, Two Sigma Investments LP increased its holdings in shares of Mobileye Global by 131.9% during the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after acquiring an additional 2,493,181 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

Mobileye Global Company Profile

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.