Mobileye Global Inc. (NASDAQ:MBLY) Stock Has Consensus Price Target of $11.25 According to Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has received an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $11.18.

A number of equities research analysts recently commented on MBLY shares. Tigress Financial lowered their price objective on shares of Mobileye Global from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Citigroup initiated coverage on shares of Mobileye Global in a research report on Friday, October 16th. They set a “buy” rating and a $11.00 target price for the company. UBS Group cut their target price on shares of Mobileye Global from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Piper Sandler raised shares of Mobileye Global from a “neutral” rating to an “overweight” rating and upped their price target for the company from $10.00 to $12.00 in a report on Monday, July 27th. Finally, Zacks Research upgraded shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st.

Insider Buying and Selling

In related news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of Mobileye Global stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average price of $8.46 per share, with a total value of $100,174.86. Following the purchase, the director owned 84,336 shares in the company, valued at $713,482.56. This represents a 16.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Yeary bought 12,360 shares of the stock in a transaction on Thursday, July 30th. The shares were bought at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the acquisition, the director owned 12,360 shares in the company, valued at $98,632.80. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. 10.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in shares of Mobileye Global by 63.6% during the second quarter. Allworth Financial LP now owns 3,947 shares of the company’s stock worth $38,000 after buying an additional 1,535 shares in the last quarter. Bogart Wealth LLC raised its position in shares of Mobileye Global by 5,000.0% in the first quarter. Bogart Wealth LLC now owns 5,100 shares of the company’s stock valued at $35,000 after buying an additional 5,000 shares during the last quarter. Nykredit A S purchased a new position in shares of Mobileye Global during the second quarter valued at approximately $77,000. PNC Financial Services Group Inc. lifted its stake in shares of Mobileye Global by 204.9% during the first quarter. PNC Financial Services Group Inc. now owns 8,686 shares of the company’s stock valued at $60,000 after buying an additional 5,837 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Mobileye Global during the second quarter valued at approximately $104,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Up 1.5%

Shares of MBLY stock opened at $7.30 on Friday. Mobileye Global has a fifty-two week low of $6.47 and a fifty-two week high of $15.19. The stock has a market cap of $6.13 billion, a P/E ratio of -1.46, a P/E/G ratio of 2.39 and a beta of 1.25. The business has a fifty day simple moving average of $8.03 and a 200-day simple moving average of $8.61.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.13. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%. The business had revenue of $508.00 million during the quarter, compared to the consensus estimate of $480.51 million. During the same quarter in the previous year, the company posted ($0.08) EPS. The business’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that Mobileye Global will post 0.11 earnings per share for the current year.

About Mobileye Global

Mobileye Global Inc (NASDAQ:MBLY) develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.