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

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

MBLY has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price objective on Mobileye Global from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Zacks Research lowered Mobileye Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Barclays upgraded Mobileye Global from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $17.00 to $16.00 in a research report on Monday, January 5th. Wall Street Zen downgraded Mobileye Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, HSBC lowered shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research report on Friday, January 23rd.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently modified their holdings of the business. MAI Capital Management raised its position in shares of Mobileye Global by 22.2% during the 3rd quarter. MAI Capital Management now owns 4,400 shares of the company’s stock worth $62,000 after purchasing an additional 800 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Mobileye Global by 6.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 16,068 shares of the company’s stock valued at $168,000 after buying an additional 957 shares during the last quarter. Sei Investments Co. grew its holdings in Mobileye Global by 2.5% during the 2nd quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock valued at $811,000 after buying an additional 1,090 shares during the last quarter. Cresset Asset Management LLC increased its position in Mobileye Global by 6.3% during the third quarter. Cresset Asset Management LLC now owns 18,819 shares of the company’s stock worth $266,000 after buying an additional 1,110 shares in the last quarter. Finally, Country Club Bank increased its position in Mobileye Global by 0.8% during the third quarter. Country Club Bank now owns 144,803 shares of the company’s stock worth $2,048,000 after buying an additional 1,188 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Up 0.2%

Shares of MBLY opened at $8.03 on Thursday. The firm’s 50-day moving average is $9.70 and its two-hundred day moving average is $11.84. Mobileye Global has a twelve month low of $7.68 and a twelve month high of $20.18. The firm has a market capitalization of $6.76 billion, a P/E ratio of -16.39 and a beta of 0.59.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $446.00 million during the quarter, compared to the consensus estimate of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Analysts predict that Mobileye Global will post 0.01 EPS for the current year.

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.