Barclays Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $14.00

Mobileye Global (NASDAQ:MBLY) had its price target decreased by Barclays from $16.00 to $14.00 in a research report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

MBLY has been the subject of a number of other research reports. Wall Street Zen lowered shares of Mobileye Global from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Morgan Stanley decreased their price target on shares of Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Zacks Research downgraded shares of Mobileye Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobileye Global in a report on Wednesday, January 28th. Finally, Arete Research cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price objective on the stock. in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.48.

Mobileye Global Stock Up 7.6%

Shares of MBLY opened at $7.39 on Monday. The stock has a market cap of $6.22 billion, a PE ratio of -15.08 and a beta of 0.75. Mobileye Global has a 12-month low of $6.47 and a 12-month high of $20.18. The business has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $11.06.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $446.00 million for the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. On average, equities research analysts expect that Mobileye Global will post 0.01 EPS for the current year.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Mobileye Global in the 2nd quarter worth approximately $31,000. IFP Advisors Inc boosted its stake in shares of Mobileye Global by 465.7% in the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after purchasing an additional 1,495 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the first quarter worth $27,000. Financial Management Professionals Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter worth $32,000. Finally, Leonteq Securities AG bought a new position in Mobileye Global during the fourth quarter worth $33,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

More Mobileye Global News

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Berenberg initiated coverage with a Buy and $9.30 price target (about a mid?20% upside from the current price), calling Mobileye the “dominant” global supplier of camera?based ADAS — this adds credibility from a European sell?side shop and may attract buy interest. Mobileye Is the “Dominant” Global ADAS Supplier — Berenberg Just Initiated a Buy Rating
• Positive Sentiment: Mobileye secured a major U.S. driver?monitoring system (DMS) order — a concrete commercial win that supports near?term revenue/content gains and strengthens its ADAS ecosystem position. Mobileye Global Inc. (MBLY) secures major DMS order in the US
• Neutral Sentiment: Coverage pieces are re?examining Mobileye’s valuation after the DMS contract; these analyses help investors frame upside vs. current depressed multiples but don’t change fundamentals immediately. A Look At Mobileye Global (MBLY) Valuation After New Driver Monitoring System Contract
• Neutral Sentiment: Barclays publicly retained a Buy rating on MBLY, which supports the bullish narrative from some institutional analysts even as the stock trades near multi?year lows. Barclays Keeps Their Buy Rating on Mobileye Global, Inc. Class A (MBLY)
• Negative Sentiment: Conflicting coverage includes a note that Barclays (or other outlets citing Barclays’ work) issued a more pessimistic near?term forecast for MBLY’s stock/earnings — a reminder of demand and margin risks that could cap upside and pressure the share price if guidance/industry trends deteriorate. Barclays Issues Pessimistic Forecast for Mobileye Global (NASDAQ:MBLY) Stock Price

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.