Analysts Set Mobileye Global Inc. (NASDAQ:MBLY) PT at $13.70

Mobileye Global Inc. (NASDAQ:MBLY) has received an average recommendation of “Hold” from the twenty-five analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.7727.

A number of analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Mobileye Global in a research note on Monday, May 18th. They set an “underperform” rating and a $8.00 target price for the company. BNP Paribas Exane cut their target price on shares of Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Berenberg Bank cut shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 target price for the company. in a research note on Thursday. UBS Group boosted their target price on shares of Mobileye Global from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, TD Cowen boosted their target price on shares of Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a research note on Friday, April 24th.

Institutional Trading of Mobileye Global

Several large investors have recently bought and sold shares of MBLY. IFP Advisors Inc grew its stake in Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after acquiring an additional 1,495 shares in the last quarter. Rhumbline Advisers purchased a new stake in Mobileye Global during the 1st quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Mobileye Global during the 2nd quarter valued at about $31,000. Financial Management Professionals Inc. purchased a new stake in Mobileye Global during the 4th quarter valued at about $32,000. Finally, Leonteq Securities AG purchased a new stake in Mobileye Global during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

MBLY opened at $10.18 on Tuesday. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of -2.02 and a beta of 1.06. The company has a fifty day moving average of $8.23 and a two-hundred day moving average of $9.66. Mobileye Global has a fifty-two week low of $6.47 and a fifty-two week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $558.00 million during the quarter, compared to analysts’ expectations of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The company’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. On average, equities research analysts forecast that Mobileye Global will post -0.07 earnings per share for the current year.

Mobileye Global announced that its board has approved a share repurchase program on Thursday, April 23rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

About Mobileye Global

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.