The Goldman Sachs Group Lowers Mobileye Global (NASDAQ:MBLY) Price Target to $32.00

Mobileye Global (NASDAQ:MBLY) had its price target decreased by The Goldman Sachs Group from $40.00 to $32.00 in a research report report published on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other brokerages also recently weighed in on MBLY. JPMorgan Chase & Co. increased their price target on Mobileye Global from $34.00 to $38.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. UBS Group cut their price target on Mobileye Global from $36.00 to $33.00 and set a buy rating on the stock in a research report on Wednesday. Morgan Stanley cut Mobileye Global from an equal weight rating to an underweight rating and dropped their target price for the company from $26.00 to $25.00 in a research report on Friday, April 26th. Wolfe Research upgraded Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 target price on the stock in a research report on Friday, April 12th. Finally, Piper Sandler raised their target price on Mobileye Global from $31.00 to $32.00 and gave the company a neutral rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $37.88.

Mobileye Global Stock Performance

Shares of MBLY opened at $26.75 on Wednesday. The business’s 50-day moving average is $27.74 and its two-hundred day moving average is $29.20. The company has a market capitalization of $21.57 billion, a P/E ratio of -127.37, a P/E/G ratio of 43.27 and a beta of 0.07. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $45.10.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results 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). The company had revenue of $239.00 million for the quarter, compared to analyst estimates of $226.60 million. Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. Analysts forecast that Mobileye Global will post 0.09 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new stake in Mobileye Global in the first quarter valued at approximately $1,654,000. Cetera Investment Advisers purchased a new stake in Mobileye Global in the first quarter valued at approximately $3,540,000. iA Global Asset Management Inc. raised its position in Mobileye Global by 76.4% in the first quarter. iA Global Asset Management Inc. now owns 20,031 shares of the company’s stock valued at $644,000 after purchasing an additional 8,675 shares during the period. Tidal Investments LLC purchased a new stake in Mobileye Global in the first quarter valued at approximately $740,000. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Mobileye Global in the first quarter worth $418,000. Hedge funds and other 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.