Mobileye Global Inc. (NASDAQ:MBLY) Receives $25.55 Average PT from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has been assigned a consensus recommendation of “Hold” from the twenty-five analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $25.55.

A number of equities research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Mobileye Global from $40.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Morgan Stanley raised Mobileye Global from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $25.00 to $18.00 in a report on Friday, August 2nd. Royal Bank of Canada cut Mobileye Global from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $24.00 to $11.00 in a report on Tuesday, October 15th. Daiwa America downgraded Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, HSBC began coverage on Mobileye Global in a report on Monday, July 15th. They set a “buy” rating and a $33.00 target price on the stock.

Insider Activity at Mobileye Global

In related news, CEO Amnon Shashua purchased 631,963 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were purchased 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 owns 4,080,097 shares in the company, valued at $67,362,401.47. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Patrick P. Gelsinger acquired 6,400 shares of Mobileye Global stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $15.48 per share, with a total value of $99,072.00. Following the completion of the transaction, the director now directly owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amnon Shashua bought 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the transaction, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. The trade was a 0.00 % increase in their position. 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 large investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Mobileye Global in the first quarter valued at about $1,294,000. AXA S.A. raised its stake in shares of Mobileye Global by 35.6% during the 2nd quarter. AXA S.A. now owns 518,076 shares of the company’s stock worth $14,550,000 after purchasing an additional 135,967 shares in the last quarter. Raymond James & Associates raised its stake in shares of Mobileye Global by 258.7% during the 2nd quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock worth $9,448,000 after purchasing an additional 242,640 shares in the last quarter. M&G Plc grew its stake in shares of Mobileye Global by 8.9% in the second quarter. M&G Plc now owns 1,350,945 shares of the company’s stock valued at $37,826,000 after buying an additional 110,032 shares in the last quarter. Finally, Tobam acquired a new position in Mobileye Global during the first quarter worth $7,168,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Down 3.3 %

NASDAQ MBLY opened at $12.57 on Monday. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $44.48. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of -59.86 and a beta of 0.08. The stock’s 50 day moving average is $13.00 and its two-hundred day moving average is $21.70.

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