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

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

A number of brokerages have recently weighed in on MBLY. Zacks Research lowered shares of Mobileye Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. UBS Group reduced their target price on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Arete Research cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 target price on the stock. in a research report on Tuesday, January 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobileye Global in a research note on Wednesday, January 28th. Finally, Canaccord Genuity Group cut their price target on shares of Mobileye Global from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, January 23rd.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its position in Mobileye Global by 10.7% during the 1st quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock worth $450,000 after acquiring an additional 3,019 shares during the last quarter. Rhumbline Advisers bought a new stake in Mobileye Global in the first quarter valued at approximately $27,000. Geode Capital Management LLC boosted its stake in shares of Mobileye Global by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,268,449 shares of the company’s stock valued at $22,812,000 after purchasing an additional 5,340 shares during the period. Creative Planning boosted its stake in shares of Mobileye Global by 10.2% during the second quarter. Creative Planning now owns 18,316 shares of the company’s stock valued at $329,000 after purchasing an additional 1,693 shares during the period. Finally, Cetera Investment Advisers bought a new position in shares of Mobileye Global in the second quarter worth approximately $351,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $6.73 on Monday. The stock’s 50-day moving average is $8.68 and its 200 day moving average is $11.18. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of -13.73 and a beta of 0.59. Mobileye Global has a 1-year low of $6.68 and a 1-year high of $20.18.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $430.69 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Mobileye Global’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, analysts forecast that Mobileye Global will post 0.01 EPS for the current fiscal year.

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.