UBS Group Trims Mobileye Global (NASDAQ:MBLY) Target Price to $33.00

Mobileye Global (NASDAQ:MBLY) had its price objective decreased by UBS Group from $36.00 to $33.00 in a report published on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the stock.

MBLY has been the topic of several other research reports. JPMorgan Chase & Co. lifted their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. 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 report on Friday, April 26th. Morgan Stanley cut shares of Mobileye Global from an equal weight rating to an underweight rating and dropped their target price for the stock from $26.00 to $25.00 in a research report on Friday, April 26th. Wolfe Research raised shares of 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 lifted their target price on shares of Mobileye Global from $31.00 to $32.00 and gave the stock 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $37.88.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $26.75 on Wednesday. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $45.10. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of -127.37, a PEG ratio of 43.27 and a beta of 0.07. The firm’s 50-day simple moving average is $27.74 and its 200 day simple moving average is $29.20.

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). Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. The business had revenue of $239.00 million during the quarter, compared to the consensus estimate of $226.60 million. On average, sell-side analysts predict that Mobileye Global will post 0.09 EPS for the current year.

Insider Activity at Mobileye Global

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. grew its position in shares of Mobileye Global by 89.8% during the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock valued at $513,925,000 after purchasing an additional 7,560,929 shares in the last quarter. Norges Bank purchased a new position in shares of Mobileye Global during the 4th quarter valued at $437,842,000. Kodai Capital Management LP purchased a new position in shares of Mobileye Global during the 4th quarter valued at $148,924,000. Wellington Management Group LLP grew 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 purchasing an additional 2,266,438 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Mobileye Global by 25.8% during the 4th quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock valued at $113,616,000 after purchasing an additional 538,371 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.