UBS Group Has Lowered Expectations for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLYGet Free Report) had its price objective cut by investment analysts at UBS Group from $17.00 to $13.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 17.33% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Tigress Financial raised their price target on shares of Mobileye Global from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. TD Cowen cut their target price on Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Evercore ISI decreased their price target on Mobileye Global from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Wolfe Research lowered Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday. Finally, Piper Sandler reduced their target price on shares of Mobileye Global from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.28.

Read Our Latest Research Report on MBLY

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $11.08 on Wednesday. The firm has a market capitalization of $9.02 billion, a PE ratio of -26.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. The company’s fifty day moving average price is $11.28 and its two-hundred day moving average price is $13.53. Mobileye Global has a 52-week low of $10.04 and a 52-week high of $20.18.

Mobileye Global (NASDAQ:MBLYGet Free Report) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. The company had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. During the same period last year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds have recently added to or reduced their stakes in MBLY. Polianta Ltd raised its stake in shares of Mobileye Global by 28.6% in the fourth quarter. Polianta Ltd now owns 130,900 shares of the company’s stock worth $1,366,000 after acquiring an additional 29,100 shares during the last quarter. SG Americas Securities LLC raised its position in Mobileye Global by 499.7% in the 4th quarter. SG Americas Securities LLC now owns 841,571 shares of the company’s stock worth $8,786,000 after purchasing an additional 701,242 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in Mobileye Global during the 4th quarter worth $275,000. Dynamic Advisor Solutions LLC boosted its position in Mobileye Global by 6.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 16,068 shares of the company’s stock valued at $168,000 after buying an additional 957 shares during the last quarter. Finally, BCGM Wealth Management LLC increased its stake in shares of Mobileye Global by 5.5% in the 4th quarter. BCGM Wealth Management LLC now owns 235,292 shares of the company’s stock valued at $2,456,000 after buying an additional 12,350 shares during the period. Institutional investors own 13.25% of the company’s stock.

Key Headlines Impacting Mobileye Global

Here are the key news stories impacting Mobileye Global this week:

About Mobileye Global

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Mobileye Global (NASDAQ:MBLY)

Receive News & Ratings for Mobileye Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye Global and related companies with MarketBeat.com's FREE daily email newsletter.