Mobileye Global (NASDAQ:MBLY) Price Target Lowered to $10.00 at JPMorgan Chase & Co.

Mobileye Global (NASDAQ:MBLY) had its price objective cut by JPMorgan Chase & Co. from $11.00 to $10.00 in a report issued on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Oppenheimer began coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price objective for the company. UBS Group dropped their price target on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Barclays reaffirmed an “equal weight” rating and set a $14.00 price objective (down from $22.00) on shares of Mobileye Global in a report on Tuesday. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and upped their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Finally, Loop Capital lifted their price objective on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.55.

Mobileye Global Trading Down 3.3 %

MBLY opened at $11.90 on Thursday. The stock has a fifty day moving average price of $15.13 and a 200 day moving average price of $15.85. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $33.26. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of -3.12, a PEG ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, sell-side analysts forecast that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Mobileye Global

Several institutional investors have recently made changes to their positions in MBLY. Parkside Financial Bank & Trust grew its holdings in Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares during the period. Versant Capital Management Inc grew its position in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after buying an additional 1,131 shares in the last quarter. Rhumbline Advisers purchased a new stake in Mobileye Global in the first quarter valued at approximately $27,000. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global during the 4th quarter worth $30,000. Finally, Global Retirement Partners LLC increased its position in shares of Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.