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

Mobileye Global Inc. (NASDAQ:MBLY) has received a consensus recommendation of “Hold” from the twenty-three research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.8850.

A number of brokerages recently weighed in on MBLY. Barclays upgraded shares of Mobileye Global from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $17.00 to $16.00 in a research report on Monday, January 5th. Canaccord Genuity Group lowered their target price on shares of Mobileye Global from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Mobileye Global from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, January 6th. Mizuho decreased their price target on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th.

Mobileye Global Stock Up 3.7%

MBLY stock opened at $8.71 on Friday. The business’s fifty day moving average is $10.58 and its 200-day moving average is $12.65. The company has a market cap of $7.09 billion, a P/E ratio of -17.78 and a beta of 0.58. Mobileye Global has a twelve month low of $8.32 and a twelve month high of $20.18.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The business had revenue of $446.00 million during the quarter, compared to the consensus estimate of $430.69 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was down 9.0% on a year-over-year basis. Research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc increased its stake 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 purchasing an additional 1,495 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Mobileye Global in the first quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Mobileye Global during the second quarter worth $31,000. Financial Management Professionals Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter worth $32,000. Finally, Leonteq Securities AG bought a new stake in Mobileye Global in the 4th quarter valued at $33,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.