Mobileye Global (NASDAQ:MBLY) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Mobileye Global (NASDAQ:MBLY) to a moderate sell rating in a research note issued to investors on Saturday,Zacks.com reports.

Several other brokerages have also recently weighed in on MBLY. Morgan Stanley reduced their price target on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. BNP Paribas Exane reduced their price target on Mobileye Global from $11.50 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. TD Cowen upped their price target on Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. reduced their price target on Mobileye Global from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Finally, Royal Bank Of Canada reduced their price target on Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.70.

Mobileye Global Stock Down 6.8%

Shares of MBLY stock opened at $9.34 on Friday. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of -1.85 and a beta of 1.06. The business’s fifty day moving average is $8.08 and its 200 day moving average is $9.73. Mobileye Global has a twelve month low of $6.47 and a twelve month high of $20.18.

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

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

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Mobileye Global in the second quarter worth $31,000. IFP Advisors Inc grew its stake in shares of Mobileye Global by 465.7% in the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after acquiring an additional 1,495 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Mobileye Global in the first quarter worth $27,000. Financial Management Professionals Inc. purchased a new stake in shares of Mobileye Global in the fourth quarter worth $32,000. Finally, Leonteq Securities AG purchased a new stake in shares of Mobileye Global in the fourth quarter worth $33,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.