Mobileye Global (NASDAQ:MBLY) Stock Gets Price Target Trim from UBS Group

Mobileye Global (NASDAQ:MBLY) had its price objective reduced by research analysts at UBS Group from $7.50 to $7.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s price objective points to a potential upside of 17.45% from the company’s previous close.

Several other equities research analysts have also recently weighed in on MBLY. TD Cowen cut shares of Mobileye Global from a “buy” rating to a “hold” rating and reduced their price target for the stock from $8.00 to $7.00 in a research report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Tigress Financial reduced their target price on shares of Mobileye Global from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Citigroup assumed coverage on shares of Mobileye Global in a report on Friday, October 16th. They issued a “buy” rating and a $11.00 price target for the company. Finally, Berenberg Bank upgraded Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.71.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $5.96 on Friday. The company has a market cap of $5.01 billion, a P/E ratio of -1.20, a P/E/G ratio of 1.82 and a beta of 1.30. The firm’s fifty day moving average is $7.68 and its two-hundred day moving average is $8.55. Mobileye Global has a 52-week low of $5.76 and a 52-week high of $14.33.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Mobileye Global had a negative net margin of 201.25% and a positive return on equity of 0.66%. The business had revenue of $492.00 million during the quarter, compared to the consensus estimate of $476.78 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue was down 2.4% on a year-over-year basis. As a group, analysts forecast that Mobileye Global will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost 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 approximately $713,482.56. This trade represents a 16.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position 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 valued at $38,000 after buying an additional 1,535 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of Mobileye Global by 176.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 4,231 shares of the company’s stock worth $31,000 after acquiring an additional 2,700 shares during the last quarter. Bogart Wealth LLC boosted its holdings in Mobileye Global by 5,000.0% during the 1st quarter. Bogart Wealth LLC now owns 5,100 shares of the company’s stock valued at $35,000 after acquiring an additional 5,000 shares during the period. Nykredit A S purchased a new position in Mobileye Global during the 2nd quarter valued at $77,000. Finally, PNC Financial Services Group Inc. grew its position in Mobileye Global by 204.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,686 shares of the company’s stock valued at $60,000 after acquiring an additional 5,837 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Company Profile

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.