Mobileye Global Inc. (NASDAQ:MBLY) Given Consensus Rating of “Hold” by Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been assigned an average rating of “Hold” from the twenty-six ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $22.86.

MBLY has been the subject of a number of research reports. Canaccord Genuity Group reduced their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Barclays lifted their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. TD Cowen lifted their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho cut their price objective on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research report on Friday, January 31st.

Institutional Trading of Mobileye Global

Several institutional investors have recently made changes to their positions in MBLY. Raymond James & Associates grew its stake in shares of Mobileye Global by 81.3% during the 3rd quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock valued at $8,355,000 after buying an additional 273,424 shares during the period. Country Club Bank grew its stake in shares of Mobileye Global by 139.4% during the 3rd quarter. Country Club Bank now owns 288,867 shares of the company’s stock valued at $4,157,000 after buying an additional 168,188 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at $402,000. PFG Investments LLC purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at $635,000. Finally, Avitas Wealth Management LLC purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at $137,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Trading Down 7.1 %

Shares of MBLY opened at $16.51 on Friday. The stock’s 50 day moving average is $17.65 and its two-hundred day moving average is $15.54. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The firm has a market capitalization of $13.39 billion, a PE ratio of -4.32, a P/E/G ratio of 69.54 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts predict that Mobileye Global will post 0.01 EPS for the current 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.