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

Mobileye Global Inc. (NASDAQ:MBLY) has earned a consensus recommendation of “Hold” from the twenty-five brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $13.7727.

A number of research analysts have recently issued reports on MBLY shares. UBS Group boosted their price target on shares of Mobileye Global from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Jefferies Financial Group started coverage on shares of Mobileye Global in a research report on Monday, May 18th. They issued an “underperform” rating and a $8.00 price target on the stock. Wall Street Zen upgraded shares of Mobileye Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Berenberg Bank lowered shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price objective for the company. in a research note on Thursday, May 21st. Finally, Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $9.34 on Friday. The company has a market capitalization of $7.86 billion, a P/E ratio of -1.85 and a beta of 1.15. Mobileye Global has a 52-week low of $6.47 and a 52-week high of $20.18. The company’s 50 day moving average price is $9.03 and its 200-day moving average price is $9.43.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $558.00 million for the quarter, compared to the consensus estimate of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. Analysts forecast that Mobileye Global will post -0.07 earnings per share for the current year.

Mobileye Global announced that its board has authorized a stock repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Mobileye Global

Several hedge funds have recently modified their holdings of the stock. MAI Capital Management increased its stake in shares of Mobileye Global by 22.2% in the 3rd quarter. MAI Capital Management now owns 4,400 shares of the company’s stock valued at $62,000 after acquiring an additional 800 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of 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 acquiring an additional 957 shares in the last quarter. Sei Investments Co. increased its stake in shares of Mobileye Global by 2.5% in the 2nd quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock valued at $811,000 after acquiring an additional 1,090 shares in the last quarter. Cresset Asset Management LLC increased its stake in shares of Mobileye Global by 6.3% in the 3rd quarter. Cresset Asset Management LLC now owns 18,819 shares of the company’s stock valued at $266,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Greenfield Seitz Capital Management LLC increased its stake in shares of Mobileye Global by 5.5% in the 4th quarter. Greenfield Seitz Capital Management LLC now owns 26,939 shares of the company’s stock valued at $281,000 after acquiring an additional 1,393 shares in the last quarter. 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.