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

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been assigned an average rating of “Hold” from the twenty-five research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $25.55.

Several research firms have recently commented on MBLY. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a report on Wednesday, October 2nd. Westpark Capital restated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. The Goldman Sachs Group cut their target price on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Finally, Fox Advisors cut shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 1st.

Insiders Place Their Bets

In related news, Director Patrick P. Gelsinger bought 6,400 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $15.48 per share, with a total value of $99,072.00. Following the completion of the transaction, the director now directly owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Patrick P. Gelsinger acquired 6,400 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the transaction, the director now owns 139,106 shares in the company, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amnon Shashua purchased 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the transaction, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in Mobileye Global by 64.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock worth $162,000 after purchasing an additional 1,470 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Mobileye Global in the first quarter valued at approximately $516,000. Richelieu Gestion SA grew its position in Mobileye Global by 11.7% in the first quarter. Richelieu Gestion SA now owns 83,636 shares of the company’s stock worth $2,689,000 after acquiring an additional 8,759 shares in the last quarter. TrueMark Investments LLC increased its stake in shares of Mobileye Global by 13.5% during the 1st quarter. TrueMark Investments LLC now owns 43,543 shares of the company’s stock worth $1,400,000 after purchasing an additional 5,187 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in shares of Mobileye Global during the 1st quarter valued at $32,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Price Performance

Shares of MBLY opened at $12.67 on Monday. The stock has a market capitalization of $10.25 billion, a PE ratio of -45.25 and a beta of 0.08. The business’s fifty day moving average price is $12.91 and its 200 day moving average price is $21.44. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $424.34 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, research analysts anticipate that Mobileye Global will post -0.06 earnings per share for the current fiscal year.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.