Mobileye Global (NASDAQ:MBLY) Rating Lowered to Neutral at Mizuho

Mizuho downgraded shares of Mobileye Global (NASDAQ:MBLY) from an outperform rating to a neutral rating in a report published on Friday, MarketBeat.com reports. They currently have $13.00 price target on the stock, down from their prior price target of $30.00.

MBLY has been the topic of several other research reports. Wolfe Research downgraded shares of Mobileye Global from an outperform rating to a peer perform rating in a research report on Thursday, September 5th. The Goldman Sachs Group cut their price target on Mobileye Global from $24.00 to $20.00 and set a buy rating for the company in a report on Tuesday, October 1st. BNP Paribas downgraded Mobileye Global from a neutral rating to an underperform rating and set a $12.00 price objective on the stock. in a research note on Wednesday, October 2nd. Daiwa America downgraded Mobileye Global from a strong-buy rating to a hold rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada decreased their target price on shares of Mobileye Global from $34.00 to $24.00 and set an outperform rating on the stock in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mobileye Global presently has a consensus rating of Hold and a consensus target price of $26.60.

Mobileye Global Stock Performance

MBLY stock opened at $12.96 on Friday. The firm has a 50 day moving average price of $13.30 and a 200-day moving average price of $22.52. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $44.48. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -61.71 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. During the same period last year, the firm posted $0.11 earnings per share. Mobileye Global’s revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Mobileye Global will post -0.06 earnings per share for the current fiscal year.

Insider Transactions at Mobileye Global

In other news, Director Patrick P. Gelsinger purchased 6,400 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $15.48 per share, with a total value of $99,072.00. Following the purchase, the director now owns 139,106 shares in the company, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Patrick P. Gelsinger bought 6,400 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the purchase, the director now directly owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amnon Shashua purchased 631,963 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the acquisition, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Register Financial Advisors LLC purchased a new stake in shares of Mobileye Global during the first quarter worth about $32,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Mobileye Global during the 4th quarter valued at approximately $77,000. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the second quarter worth about $84,000. Natixis Investment Managers International purchased a new position in shares of Mobileye Global in the 1st quarter valued at about $99,000. Finally, EverSource Wealth Advisors LLC boosted its position in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after purchasing an additional 3,478 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.