Mobileye Global (NASDAQ:MBLY) Given Equal Weight Rating at Barclays

Mobileye Global (NASDAQ:MBLY)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $9.00 price objective on the stock, down from their previous price objective of $14.00. Barclays‘s price objective indicates a potential upside of 18.89% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. UBS Group reduced their price objective on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Berenberg Bank raised shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Monday, August 17th. TD Cowen lowered their price target on Mobileye Global from $11.50 to $9.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Mizuho cut their price objective on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $13.00 target price on shares of Mobileye Global in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Mobileye Global has an average rating of “Hold” and a consensus target price of $11.91.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $7.57 on Wednesday. The stock has a 50-day simple moving average of $8.35 and a 200-day simple moving average of $8.62. Mobileye Global has a 52-week low of $6.47 and a 52-week high of $15.81. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of -1.52, a P/E/G ratio of 2.56 and a beta of 1.22.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.13. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The business had revenue of $508.00 million during the quarter, compared to analyst estimates of $480.51 million. During the same quarter in the previous year, the business earned ($0.08) EPS. Mobileye Global’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts predict that Mobileye Global will post 0.11 earnings per share for the current year.

Insider Buying and Selling at Mobileye Global

In other news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the purchase, the director directly owned 84,336 shares of the company’s stock, valued at approximately $713,482.56. The trade was a 16.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank D. Yeary acquired 12,360 shares of Mobileye Global stock in a transaction on Thursday, July 30th. The stock was purchased at an average price of $7.98 per share, with a total value of $98,632.80. Following the transaction, the director directly owned 12,360 shares in the company, valued at approximately $98,632.80. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently made changes to their positions in MBLY. Bogart Wealth LLC boosted its holdings in Mobileye Global by 5,000.0% during the first quarter. Bogart Wealth LLC now owns 5,100 shares of the company’s stock valued at $35,000 after purchasing an additional 5,000 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Mobileye Global by 63.6% in the 2nd quarter. Allworth Financial LP now owns 3,947 shares of the company’s stock worth $38,000 after buying an additional 1,535 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Mobileye Global by 204.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,686 shares of the company’s stock worth $60,000 after buying an additional 5,837 shares during the period. Nykredit A S acquired a new stake in Mobileye Global in the 2nd quarter valued at $77,000. Finally, Impact Partnership Wealth LLC bought a new stake in Mobileye Global in the first quarter valued at $81,000. 13.25% of the stock is owned by institutional investors.

About Mobileye Global

Mobileye Global Inc is a technology company focused on advanced driver-assistance systems (ADAS) and autonomous driving. Its technologies are designed to help improve road safety and support automated driving through computer vision, artificial intelligence, sensor fusion and mapping.

The company develops and supplies products for automakers and mobility providers, including EyeQ system-on-chips, camera-based driver-assistance features, SuperVision hands-free driving technology, and autonomous driving platforms.