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

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

MBLY has been the subject of a number of recent analyst reports. HSBC downgraded Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research report on Friday, January 23rd. Wells Fargo & Company cut their price objective on shares of Mobileye Global from $24.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Morgan Stanley decreased their target price on shares of Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Tigress Financial restated a “buy” rating and issued a $25.00 target price on shares of Mobileye Global in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group cut their price target on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in shares of 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 Mobileye Global in the first quarter valued at about $27,000. Teacher Retirement System of Texas bought a new position in Mobileye Global in the second quarter valued at about $274,000. Bryce Point Capital LLC acquired a new position in Mobileye Global during the second quarter worth about $184,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Mobileye Global in the second quarter worth about $296,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Up 1.5%

Shares of MBLY opened at $8.28 on Thursday. Mobileye Global has a 12 month low of $8.00 and a 12 month high of $20.18. The firm’s 50 day moving average is $9.84 and its 200-day moving average is $11.98. The stock has a market capitalization of $6.97 billion, a PE ratio of -16.90 and a beta of 0.59.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $430.69 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities research analysts predict that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

About Mobileye Global

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.