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

Mobileye Global Inc. (NASDAQ:MBLY) has been assigned an average rating of “Hold” from the twenty-five analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to 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.

Several research analysts recently issued reports on MBLY shares. Zacks Research raised shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Berenberg Bank downgraded Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price objective on the stock. in a report on Thursday, May 21st. Jefferies Financial Group started coverage on Mobileye Global in a research note on Monday, May 18th. They issued an “underperform” rating and a $8.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research report on Monday, April 27th. Finally, TD Cowen boosted their price target on Mobileye Global from $8.50 to $10.00 and gave the company a “buy” rating in a research note on Friday, April 24th.

Mobileye Global Price Performance

MBLY opened at $9.50 on Wednesday. The company has a market capitalization of $7.99 billion, a P/E ratio of -1.88 and a beta of 1.16. The firm’s fifty day moving average price is $9.42 and its two-hundred day moving average price is $9.12. Mobileye Global has a fifty-two week low of $6.47 and a fifty-two week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $558.00 million during the quarter, compared to analysts’ expectations of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The business’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. On average, equities research analysts expect that Mobileye Global will post -0.09 EPS for the current fiscal year.

Mobileye Global announced that its board has approved a share buyback program on Thursday, April 23rd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors have recently modified their holdings of MBLY. NewEdge Advisors LLC lifted its holdings 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 buying an additional 3,019 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the 1st quarter valued at $27,000. Creative Planning raised its position in shares of Mobileye Global by 10.2% during the second quarter. Creative Planning now owns 18,316 shares of the company’s stock worth $329,000 after acquiring an additional 1,693 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Mobileye Global during the second quarter worth $351,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Mobileye Global during the second quarter valued at $31,000. 13.25% of the stock is owned by institutional investors.

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.