UBS Group Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $13.00

Mobileye Global (NASDAQ:MBLY) had its price objective cut by UBS Group from $17.00 to $13.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. TD Cowen lowered their price objective on shares of Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Evercore ISI lowered their price target on Mobileye Global from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. JPMorgan Chase & Co. upgraded Mobileye Global from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $13.00 in a research report on Tuesday, January 6th. Mizuho reduced their price objective on Mobileye Global from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobileye Global in a research note on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.28.

Mobileye Global Stock Down 5.2%

MBLY opened at $10.50 on Wednesday. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of -25.00, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57. Mobileye Global has a 52 week low of $10.04 and a 52 week high of $20.18. The business’s 50 day moving average is $11.24 and its two-hundred day moving average is $13.48.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. Equities analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Trading of Mobileye Global

Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new position in Mobileye Global during the second quarter worth $31,000. IFP Advisors Inc boosted its position in shares of Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after purchasing an additional 1,495 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Mobileye Global during the 1st quarter worth $27,000. Brown Brothers Harriman & Co. grew its stake in shares of Mobileye Global by 8,500.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock worth $45,000 after purchasing an additional 3,145 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Mobileye Global by 464.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after purchasing an additional 2,705 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.