Mobileye Global (NASDAQ:MBLY) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of Mobileye Global (NASDAQ:MBLY) in a research report released on Friday morning, Marketbeat reports. The firm issued a buy rating and a $11.00 price objective on the stock.

MBLY has been the subject of a number of other research reports. Piper Sandler raised Mobileye Global from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $10.00 to $12.00 in a research report on Monday, July 27th. Mizuho lowered their price objective on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Zacks Research raised Mobileye Global from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. Tigress Financial cut their target price on Mobileye Global from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group cut their target price on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.23.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $7.22 on Friday. Mobileye Global has a fifty-two week low of $6.47 and a fifty-two week high of $15.19. The company has a 50 day simple moving average of $8.10 and a two-hundred day simple moving average of $8.60. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of -1.45, a P/E/G ratio of 2.43 and a beta of 1.25.

Mobileye Global (NASDAQ:MBLY) last released its earnings results 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 firm had revenue of $508.00 million during the quarter, compared to analyst estimates of $480.51 million. During the same period last year, the business earned ($0.08) earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, analysts forecast that Mobileye Global will post 0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mobileye Global news, Director Frank D. Yeary purchased 12,360 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was purchased at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the purchase, the director directly owned 12,360 shares of the company’s stock, valued at $98,632.80. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the acquisition, the director owned 84,336 shares of the company’s stock, valued at approximately $713,482.56. This represents a 16.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 10.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mobileye Global

Several large investors have recently bought and sold shares of MBLY. Counterpoint Mutual Funds LLC purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at about $9,074,000. Vontobel Holding Ltd. raised its holdings in shares of Mobileye Global by 51.2% during the third quarter. Vontobel Holding Ltd. now owns 38,030 shares of the company’s stock valued at $281,000 after purchasing an additional 12,870 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Mobileye Global by 6.9% during the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock valued at $19,112,000 after purchasing an additional 166,392 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Mobileye Global by 665.2% during the third quarter. Farther Finance Advisors LLC now owns 11,386 shares of the company’s stock valued at $84,000 after purchasing an additional 9,898 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Mobileye Global by 17.8% during the second quarter. Tidal Investments LLC now owns 159,149 shares of the company’s stock valued at $1,541,000 after purchasing an additional 24,088 shares during the period. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global News Summary

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Citigroup initiated coverage with a Buy rating and an $11 price target, implying substantial upside from MBLY’s recent $7.22 level. Citi highlighted Mobileye’s position as a global leader in vehicle-vision technology and its long-term opportunity in advanced driver-assistance systems. Citigroup Initiates Mobileye Global at Buy Rating, $11 Price Target
• Positive Sentiment: Analyst estimates compiled in a separate report put Mobileye’s average price target at approximately $11.25, suggesting that analysts collectively see meaningful recovery potential from current levels. Mobileye Global Inc. Stock Has Average Target Price of $11.25
• Neutral Sentiment: A Zacks industry outlook featured Mobileye alongside Hesai Group, keeping MBLY in focus within the vehicle-sensing and autonomous-driving technology sector. However, the available information does not identify a new earnings forecast or specific company catalyst. Zacks Industry Outlook Highlights Mobileye Global and Hesai Group
• Negative Sentiment: Morgan Stanley lowered its price target from $10 to $9 and maintained an Equal Weight rating. Although the revised target remains above the recent share price, the cut signals more limited near-term conviction and offsets some of Citi’s optimism. Morgan Stanley Lowers Mobileye Price Target

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.