Mobileye Global (NASDAQ:MBLY) Given New $30.00 Price Target at Evercore ISI

Mobileye Global (NASDAQ:MBLY) had its price objective reduced by investment analysts at Evercore ISI from $35.00 to $30.00 in a report released on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 146.51% from the company’s previous close.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 price target (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $14.00 in a research note on Friday, October 4th. Westpark Capital reissued a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Royal Bank of Canada lowered 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. Finally, HSBC began coverage on shares of Mobileye Global in a research note on Monday, July 15th. They set a “buy” rating and a $33.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.55.

Mobileye Global Price Performance

NASDAQ MBLY opened at $12.17 on Monday. The stock’s fifty day moving average price is $13.23 and its 200 day moving average price is $22.38. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $44.48. The company has a market cap of $9.85 billion, a price-to-earnings ratio of -57.95 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results 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 negative net margin of 12.14% and a positive return on equity of 1.32%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Research analysts expect that Mobileye Global will post -0.06 earnings per share for the current year.

Insider Buying and Selling at Mobileye Global

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

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds have recently made changes to their positions in MBLY. Wellington Management Group LLP boosted 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 worth $147,210,000 after purchasing an additional 2,266,438 shares during the period. PNC Financial Services Group Inc. boosted its position in Mobileye Global by 64.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock valued at $162,000 after buying an additional 1,470 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Mobileye Global in the 4th quarter valued at approximately $77,000. S. R. Schill & Associates boosted its position in Mobileye Global by 20.2% in the 1st quarter. S. R. Schill & Associates now owns 12,688 shares of the company’s stock valued at $408,000 after buying an additional 2,135 shares during the period. Finally, Renaissance Capital LLC boosted its position in Mobileye Global by 3.0% in the 1st quarter. Renaissance Capital LLC now owns 56,471 shares of the company’s stock valued at $1,816,000 after buying an additional 1,640 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.