Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Recommendation of “Hold” from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has been assigned an average rating of “Hold” from the twenty-five brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.6455.

Several research firms have weighed in on MBLY. Berenberg Bank upgraded shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Monday, August 17th. Royal Bank Of Canada decreased their price target on shares of Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Canaccord Genuity Group lowered their price objective on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Tigress Financial dropped their price objective 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, Weiss Ratings upgraded Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 8th.

Insider Transactions at Mobileye Global

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $8.46 per share, with a total value of $100,174.86. Following the purchase, the director owned 84,336 shares in the company, valued at $713,482.56. This trade represents a 16.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank D. Yeary bought 12,360 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were bought at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the acquisition, 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after purchasing an additional 1,495 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Mobileye Global during the first quarter worth about $27,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Mobileye Global during the second quarter worth about $31,000. Leonteq Securities AG acquired a new stake in Mobileye Global in the 4th quarter valued at approximately $33,000. Finally, Bogart Wealth LLC raised its position in Mobileye Global by 5,000.0% in the 1st quarter. Bogart Wealth LLC now owns 5,100 shares of the company’s stock valued at $35,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Down 0.6%

Mobileye Global stock opened at $8.53 on Thursday. The firm has a market capitalization of $7.16 billion, a P/E ratio of -1.71, a PEG ratio of 2.82 and a beta of 1.21. Mobileye Global has a 1 year low of $6.47 and a 1 year high of $15.81. The business has a 50-day moving average of $8.78 and a 200-day moving average of $8.71.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $480.51 million. During the same period last year, the company posted ($0.08) EPS. Mobileye Global’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts anticipate that Mobileye Global will post 0.11 EPS for the current fiscal 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.