Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $39.19.

A number of research firms have issued reports on MBLY. Citigroup decreased their target price on Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Morgan Stanley downgraded Mobileye Global from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $26.00 to $25.00 in a research report on Friday, April 26th. Canaccord Genuity Group upped their target price on Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 26th. TD Cowen lifted their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Piper Sandler boosted their price objective on Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 26th.

Insider Buying and Selling

In related news, Director Patrick P. Gelsinger purchased 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $28.17 per share, for a total transaction of $45,381.87. Following the purchase, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Patrick P. Gelsinger purchased 1,611 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $28.17 per share, with a total value of $45,381.87. Following the transaction, the director now owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger acquired 2,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently modified their holdings of MBLY. Norges Bank purchased a new position in shares of Mobileye Global in the 4th quarter worth about $437,842,000. Baillie Gifford & Co. increased its position in Mobileye Global by 89.8% in the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock worth $513,925,000 after buying an additional 7,560,929 shares during the last quarter. Kodai Capital Management LP bought a new stake in shares of Mobileye Global in the fourth quarter valued at $148,924,000. Wellington Management Group LLP lifted its position in shares of Mobileye Global by 200.3% during the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after buying an additional 2,266,438 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Mobileye Global during the 1st quarter worth $69,638,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $27.60 on Tuesday. Mobileye Global has a 1 year low of $23.49 and a 1 year high of $45.10. The company has a market capitalization of $22.25 billion, a price-to-earnings ratio of -131.42, a P/E/G ratio of 18.50 and a beta of 0.04. The business has a fifty day simple moving average of $28.90 and a two-hundred day simple moving average of $30.88.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. The firm had revenue of $239.00 million for the quarter, compared to the consensus estimate of $226.60 million. As a group, equities analysts anticipate that Mobileye Global will post 0.1 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.