Zacks Research Downgrades Mobileye Global (NASDAQ:MBLY) to Hold

Mobileye Global (NASDAQ:MBLY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

MBLY has been the subject of a number of other reports. Mizuho reduced their price objective on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, October 24th. UBS Group raised their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. The Goldman Sachs Group cut their price target on Mobileye Global from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. JPMorgan Chase & Co. increased their price objective on Mobileye Global from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, July 17th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.94.

Mobileye Global Stock Down 1.8%

NASDAQ MBLY opened at $12.68 on Monday. Mobileye Global has a 52 week low of $11.58 and a 52 week high of $22.51. The business has a 50 day moving average price of $14.09 and a 200-day moving average price of $15.09. The company has a market cap of $10.34 billion, a price-to-earnings ratio of -30.19, a P/E/G ratio of 8.05 and a beta of 0.51.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. Mobileye Global’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. Mobileye Global has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds have recently modified their holdings of MBLY. US Bancorp DE grew its holdings in shares of Mobileye Global by 12.5% in the third quarter. US Bancorp DE now owns 109,712 shares of the company’s stock valued at $1,549,000 after acquiring an additional 12,231 shares in the last quarter. Fox Run Management L.L.C. lifted its holdings in Mobileye Global by 277.4% during the third quarter. Fox Run Management L.L.C. now owns 62,184 shares of the company’s stock worth $878,000 after acquiring an additional 45,708 shares during the period. MAI Capital Management lifted its holdings in Mobileye Global by 22.2% during the third quarter. MAI Capital Management now owns 4,400 shares of the company’s stock worth $62,000 after acquiring an additional 800 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Mobileye Global in the third quarter worth $876,000. Finally, Krane Funds Advisors LLC boosted its position in Mobileye Global by 689.2% in the third quarter. Krane Funds Advisors LLC now owns 112,136 shares of the company’s stock worth $1,577,000 after purchasing an additional 97,928 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.