Mobileye Global (NASDAQ:MBLY) Stock Gets Price Target Trim from BNP Paribas Exane

Mobileye Global (NASDAQ:MBLY) had its target price reduced by BNP Paribas Exane from $7.50 to $6.50 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Tigress Financial reduced 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. Canaccord Genuity Group lowered their price target on Mobileye Global from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Mobileye Global in a research report on Friday, October 2nd. JPMorgan Chase & Co. reduced their target price on shares of Mobileye Global from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Monday. Finally, Morgan Stanley dropped their price target on shares of Mobileye Global from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.43.

Mobileye Global Trading Down 4.5%

MBLY opened at $5.34 on Monday. Mobileye Global has a 12-month low of $5.30 and a 12-month high of $14.33. The firm has a 50 day moving average of $7.48 and a two-hundred day moving average of $8.47. The firm has a market capitalization of $4.49 billion, a PE ratio of -1.08, a P/E/G ratio of 1.71 and a beta of 1.30.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $492.00 million for the quarter, compared to analyst estimates of $476.78 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, analysts predict that Mobileye Global will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds have recently made changes to their positions in the business. M&G PLC raised its position in Mobileye Global by 1.2% in the third quarter. M&G PLC now owns 1,813,282 shares of the company’s stock worth $12,693,000 after purchasing an additional 21,799 shares in the last quarter. Brighton Jones LLC acquired a new stake in Mobileye Global during the third quarter valued at approximately $107,000. Parallel Advisors LLC boosted its holdings in Mobileye Global by 2,098.0% during the third quarter. Parallel Advisors LLC now owns 4,396 shares of the company’s stock valued at $32,000 after purchasing an additional 4,196 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Mobileye Global during the third quarter valued at approximately $396,000. Finally, State of Wyoming grew its stake in shares of Mobileye Global by 1,318.9% in the 3rd quarter. State of Wyoming now owns 33,316 shares of the company’s stock valued at $246,000 after purchasing an additional 30,968 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.