Mobileye Global Inc. (NASDAQ:MBLY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received an average rating of “Moderate Buy” from the twenty-five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $31.60.

Several research firms recently issued reports on MBLY. Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a research report on Wednesday, July 31st. Barclays decreased their price target on Mobileye Global from $40.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Evercore ISI reissued an “outperform” rating and set a $35.00 price target on shares of Mobileye Global in a report on Monday, August 26th. BNP Paribas lowered Mobileye Global from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Monday, August 5th. Finally, HSBC began coverage on Mobileye Global in a research report on Monday, July 15th. They issued a “buy” rating and a $33.00 target price on the stock.

Insider Activity

In related news, CEO Amnon Shashua acquired 631,963 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the transaction, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Amnon Shashua bought 631,963 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the purchase, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick P. Gelsinger purchased 6,400 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the transaction, the director now directly owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently added to or reduced their stakes in the business. 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 worth $513,925,000 after buying an additional 7,560,929 shares during the period. Norges Bank acquired a new position in shares of Mobileye Global during the fourth quarter valued at about $437,842,000. The Manufacturers Life Insurance Company boosted its position in shares of Mobileye Global by 807.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock worth $254,832,000 after purchasing an additional 8,073,552 shares in the last quarter. Kodai Capital Management LP bought a new position in shares of Mobileye Global during the 4th quarter worth about $148,924,000. Finally, Wellington Management Group LLP grew its stake in shares of Mobileye Global by 200.3% in 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 period. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $14.28 on Friday. Mobileye Global has a fifty-two week low of $13.16 and a fifty-two week high of $44.48. The company has a market cap of $11.56 billion, a price-to-earnings ratio of -68.00, a PEG ratio of 29.75 and a beta of 0.13. The stock has a fifty day moving average price of $20.81 and a 200-day moving average price of $25.84.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. Mobileye Global’s revenue was down 3.3% compared to the same quarter last year. Research analysts predict that Mobileye Global will post 0.08 EPS for the current fiscal year.

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.