Mobileye Global Inc. (NASDAQ:MBLY) Given Average Rating of “Hold” by Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has been given a consensus rating of “Hold” by the twenty-four research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.3429.

Several research analysts recently commented on MBLY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Mobileye Global in a research note on Friday, July 24th. Jefferies Financial Group began coverage on shares of Mobileye Global in a research report on Monday, May 18th. They set an “underperform” rating and a $8.00 price target for the company. Tigress Financial dropped their target price on shares of Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, July 30th. UBS Group cut their target price on Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, Royal Bank Of Canada reduced their price target on Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th.

Insider Buying and Selling at Mobileye Global

In related news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the company’s stock in a transaction dated 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 transaction, the director owned 84,336 shares in the company, valued at approximately $713,482.56. This trade represents a 16.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank D. Yeary bought 12,360 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were bought at an average cost of $7.98 per share, for a total transaction of $98,632.80. Following the purchase, the director directly owned 12,360 shares in the company, valued at approximately $98,632.80. This represents 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

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Mobileye Global during the 2nd quarter valued at about $31,000. IFP Advisors Inc increased its stake in shares of Mobileye Global by 465.7% during the third 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 in the last quarter. Rhumbline Advisers bought a new position in shares of Mobileye Global during the first quarter valued at approximately $27,000. Leonteq Securities AG purchased a new position in shares of Mobileye Global during the fourth quarter valued at approximately $33,000. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Mobileye Global by 8,500.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock worth $45,000 after purchasing an additional 3,145 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Price Performance

Shares of MBLY stock opened at $8.50 on Thursday. The business has a 50-day moving average of $8.81 and a 200 day moving average of $8.69. Mobileye Global has a 1-year low of $6.47 and a 1-year high of $15.81. The stock has a market capitalization of $7.14 billion, a PE ratio of -1.70, a P/E/G ratio of 2.75 and a beta of 1.22.

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

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.