Mobileye Global Inc. (NASDAQ:MBLY) Receives $15.89 Average Target Price from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given an average rating of “Hold” by the twenty-three analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.8850.

A number of analysts have weighed in on the company. Tigress Financial reiterated a “buy” rating and set a $25.00 price target on shares of Mobileye Global in a report on Thursday, January 29th. Wells Fargo & Company dropped their price objective on Mobileye Global from $24.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. upgraded Mobileye Global from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $13.00 in a research report on Tuesday, January 6th. The Goldman Sachs Group decreased their target price on Mobileye Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Finally, Zacks Research lowered Mobileye Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th.

Mobileye Global Stock Down 0.4%

MBLY opened at $7.87 on Thursday. Mobileye Global has a twelve month low of $7.68 and a twelve month high of $20.18. The company has a fifty day moving average of $9.60 and a 200-day moving average of $11.77. The stock has a market cap of $6.62 billion, a PE ratio of -16.06 and a beta of 0.59.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $446.00 million for the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. Mobileye Global’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Sell-side analysts anticipate 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 stock. Intel Corp bought a new position in Mobileye Global during the third quarter worth $706,000,000. Two Sigma Investments LP increased its stake in Mobileye Global by 131.9% in the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after purchasing an additional 2,493,181 shares in the last quarter. Engineers Gate Manager LP increased its stake in Mobileye Global by 140.9% in the fourth quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock valued at $37,348,000 after purchasing an additional 2,092,250 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Mobileye Global by 23.1% during the fourth quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock valued at $36,608,000 after purchasing an additional 658,585 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Mobileye Global by 65.5% during the third quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock valued at $43,286,000 after purchasing an additional 1,213,448 shares during the period. Institutional investors own 13.25% of the company’s stock.

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.