Mobileye Global (NASDAQ:MBLY) Stock Rating Upgraded by Jefferies Financial Group

Mobileye Global (NASDAQ:MBLY) was upgraded by equities research analysts at Jefferies Financial Group to a “moderate sell” rating in a research note issued to investors on Saturday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobileye Global in a research report on Monday, April 27th. Arete Research lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price objective for the company. in a research report on Tuesday, January 27th. 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. Berenberg Bank began coverage on shares of Mobileye Global in a research report on Wednesday, April 1st. They issued a “buy” rating and a $9.30 price objective for the company. Finally, Wall Street Zen raised shares of Mobileye Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.70.

Mobileye Global Trading Down 6.8%

Shares of MBLY opened at $9.34 on Friday. The stock has a market cap of $7.86 billion, a P/E ratio of -1.85 and a beta of 1.06. The company has a 50-day moving average of $8.08 and a two-hundred day moving average of $9.73. Mobileye Global has a 12-month low of $6.47 and a 12-month high of $20.18.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, analysts forecast that Mobileye Global will post -0.07 EPS for the current fiscal year.

Mobileye Global announced that its board has initiated a share repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors have recently bought and sold shares of the stock. MAI Capital Management grew its holdings in Mobileye Global by 22.2% in the third quarter. MAI Capital Management now owns 4,400 shares of the company’s stock valued at $62,000 after purchasing an additional 800 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in Mobileye Global by 6.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 16,068 shares of the company’s stock valued at $168,000 after purchasing an additional 957 shares during the period. Sei Investments Co. grew its holdings in Mobileye Global by 2.5% in the second quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock valued at $811,000 after purchasing an additional 1,090 shares during the period. Cresset Asset Management LLC grew its holdings in Mobileye Global by 6.3% in the third quarter. Cresset Asset Management LLC now owns 18,819 shares of the company’s stock valued at $266,000 after purchasing an additional 1,110 shares during the period. Finally, State of Wyoming grew its holdings in Mobileye Global by 5.8% in the third quarter. State of Wyoming now owns 23,801 shares of the company’s stock valued at $336,000 after purchasing an additional 1,306 shares during the period. 13.25% of the stock is currently owned by hedge funds and other 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.