Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given a consensus rating of “Hold” by the twenty-six brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.95.

A number of equities analysts have recently weighed in on MBLY shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Oppenheimer started coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target on the stock. UBS Group upped their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a report on Friday, January 31st. Finally, Loop Capital upped their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MBLY. Norges Bank acquired a new position in shares of Mobileye Global during the fourth quarter valued at about $95,937,000. The Manufacturers Life Insurance Company raised its position in shares of Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after buying an additional 4,517,217 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Mobileye Global during the fourth quarter valued at about $27,155,000. Charles Schwab Investment Management Inc. raised its position in shares of Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after buying an additional 957,565 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock worth $22,856,000 after purchasing an additional 768,169 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Up 0.7 %

Shares of NASDAQ:MBLY opened at $14.54 on Thursday. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00. The company has a market cap of $11.79 billion, a P/E ratio of -3.81, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The company’s fifty day moving average is $16.18 and its two-hundred day moving average is $15.62.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. Equities research analysts anticipate that Mobileye Global will post 0.01 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.