Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Rating of “Hold” from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received a consensus rating of “Hold” from the twenty-five research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $13.7045.

A number of equities research analysts recently issued reports on MBLY shares. Barclays dropped their price objective on shares of Mobileye Global from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, March 30th. TD Cowen raised their price target on shares of Mobileye Global from $10.00 to $11.50 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group lifted their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada upped their price objective on Mobileye Global from $9.00 to $10.00 and gave the company a “sector perform” rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on Mobileye Global from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $10.09 on Wednesday. The stock’s 50 day simple moving average is $9.49 and its 200-day simple moving average is $9.10. The stock has a market cap of $8.49 billion, a P/E ratio of -2.00 and a beta of 1.16. Mobileye Global has a 1-year low of $6.47 and a 1-year high of $17.12.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $558.00 million for the quarter, compared to the consensus estimate of $519.34 million. Mobileye Global had a positive return on equity of 0.33% and a negative net margin of 203.97%.The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. As a group, research analysts expect that Mobileye Global will post -0.09 EPS for the current fiscal year.

Mobileye Global declared that its Board of Directors has approved a stock buyback plan on Thursday, April 23rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC raised its holdings in shares of Mobileye Global by 6.3% in the 4th 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 in the last quarter. Sei Investments Co. boosted its position in shares of Mobileye Global by 2.5% during the 2nd quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock worth $811,000 after acquiring an additional 1,090 shares in the last quarter. Cresset Asset Management LLC raised its position in shares of Mobileye Global by 6.3% during the 3rd quarter. Cresset Asset Management LLC now owns 18,819 shares of the company’s stock worth $266,000 after acquiring an additional 1,110 shares in the last quarter. Greenfield Seitz Capital Management LLC lifted its stake in Mobileye Global by 5.5% during the fourth quarter. Greenfield Seitz Capital Management LLC now owns 26,939 shares of the company’s stock worth $281,000 after purchasing an additional 1,393 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Mobileye Global by 465.7% in 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. 13.25% of the stock is owned by institutional investors and hedge funds.

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.