Mobileye Global (NASDAQ:MBLY) Cut to Sell at Wall Street Zen

Mobileye Global (NASDAQ:MBLY) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently commented on MBLY. Royal Bank Of Canada reduced their price target on shares of Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, January 23rd. Morgan Stanley cut their price objective on shares of Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. HSBC raised shares of Mobileye Global to a “strong-buy” rating in a report on Friday, January 23rd. The Goldman Sachs Group lowered their price target on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.89.

Mobileye Global Stock Down 1.5%

NASDAQ MBLY opened at $9.05 on Friday. The stock’s 50-day simple moving average is $10.11 and its two-hundred day simple moving average is $12.29. Mobileye Global has a twelve month low of $8.32 and a twelve month high of $20.18. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of -18.47 and a beta of 0.58.

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

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently modified their holdings of the company. Intel Corp purchased a new stake in shares of Mobileye Global during the third quarter worth about $706,000,000. Two Sigma Investments LP increased its holdings in Mobileye Global by 131.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after purchasing an additional 2,493,181 shares during the period. Engineers Gate Manager LP raised its position in Mobileye Global by 140.9% during the 4th quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock valued at $37,348,000 after purchasing an additional 2,092,250 shares during the last quarter. DNB Asset Management AS lifted its holdings in Mobileye Global by 23.1% in the 4th quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock worth $36,608,000 after buying an additional 658,585 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Mobileye Global by 65.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock worth $43,286,000 after buying an additional 1,213,448 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.