Shares of Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report) have been assigned an average rating of “Hold” from the twenty-five research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $25.55.
Several research firms have recently commented on MBLY. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a report on Wednesday, October 2nd. Westpark Capital restated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. The Goldman Sachs Group cut their target price on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Finally, Fox Advisors cut shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 1st.
Read Our Latest Analysis on Mobileye Global
Insiders Place Their Bets
Institutional Trading of Mobileye Global
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in Mobileye Global by 64.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock worth $162,000 after purchasing an additional 1,470 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Mobileye Global in the first quarter valued at approximately $516,000. Richelieu Gestion SA grew its position in Mobileye Global by 11.7% in the first quarter. Richelieu Gestion SA now owns 83,636 shares of the company’s stock worth $2,689,000 after acquiring an additional 8,759 shares in the last quarter. TrueMark Investments LLC increased its stake in shares of Mobileye Global by 13.5% during the 1st quarter. TrueMark Investments LLC now owns 43,543 shares of the company’s stock worth $1,400,000 after purchasing an additional 5,187 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in shares of Mobileye Global during the 1st quarter valued at $32,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.
Mobileye Global Price Performance
Shares of MBLY opened at $12.67 on Monday. The stock has a market capitalization of $10.25 billion, a PE ratio of -45.25 and a beta of 0.08. The business’s fifty day moving average price is $12.91 and its 200 day moving average price is $21.44. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48.
Mobileye Global (NASDAQ:MBLY – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $424.34 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, research analysts anticipate that Mobileye Global will post -0.06 earnings per share for the current fiscal year.
Mobileye Global Company Profile
Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.
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