Mobileye Global Inc. (MBLY) – What Are Investment Firms Thinking About This Stock?

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have earned a consensus recommendation of “Hold” from the twenty-three analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $11.08.

MBLY has been the subject of several analyst reports. Piper Sandler upgraded shares of Mobileye Global from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a report on Monday, July 27th. Royal Bank Of Canada lowered Mobileye Global from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $7.00 to $5.00 in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Mobileye Global in a research note on Friday, July 24th. Mizuho decreased their price target 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. Finally, Canaccord Genuity Group dropped their price objective on Mobileye Global from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, July 24th.

Mobileye Global Stock Down 1.0%

Shares of NASDAQ:MBLY opened at $6.95 on Friday. Mobileye Global has a 52 week low of $6.47 and a 52 week high of $14.52. The stock has a market capitalization of $5.84 billion, a P/E ratio of -1.39, a PEG ratio of 2.27 and a beta of 1.25. The firm has a fifty day simple moving average of $7.96 and a two-hundred day simple moving average of $8.60.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping 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 firm had revenue of $508.00 million for the quarter, compared to the consensus estimate of $480.51 million. During the same period in the previous year, the firm posted ($0.08) EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts expect that Mobileye Global will post 0.11 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Mobileye Global

A number of institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Mobileye Global by 24.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock worth $24,634,000 after buying an additional 705,400 shares during the period. Engineers Gate Manager LP boosted its holdings in Mobileye Global by 140.9% during the fourth quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock worth $37,348,000 after buying an additional 2,092,250 shares in the last quarter. Assenagon Asset Management S.A. grew its position in 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 buying an additional 166,392 shares during the period. Bank of America Corp DE grew its position in Mobileye Global by 5.8% during the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company’s stock valued at $13,991,000 after buying an additional 111,215 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in Mobileye Global during the fourth quarter valued at $15,290,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global News Summary

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

• Positive Sentiment: Despite the near-term concerns, Mobileye’s valuation appears depressed. An earnings preview cited potential long-term upside, with the company valued at approximately 6.39 times estimated 2029 earnings and a forward PEG ratio of 0.41. Mobileye: A Worthwhile Bet At This Price (Earnings Preview)
• Neutral Sentiment: Wall Street expects earnings growth in the upcoming report, but Zacks said Mobileye lacks the key factors typically associated with a likely earnings beat, increasing the risk of a disappointing result. Mobileye Global Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: RBC downgraded Mobileye to Underperform from Sector Perform and reduced its price target to $5 from $7, citing structural headwinds and growth risks. The new target implies substantial downside from the prevailing share price. Mobileye Global Faces Structural Headwinds, RBC Says in Downgrade
• Negative Sentiment: Zacks Research downgraded the stock from Strong Buy to Hold, adding to the wave of more cautious analyst commentary.
• Negative Sentiment: TD Cowen also cut its price target, while an earnings preview warned that third-quarter guidance points to a roughly 5%–6% year-over-year revenue decline and further gross-margin contraction amid competitive pressure. Mobileye Global Stock Gets Price Target Cut from TD Cowen
• Negative Sentiment: Mobileye’s weakness also reflects broader investor preference for stronger automotive-technology performers, as shares of BlackBerry rose on a record QNX backlog while Mobileye and other automotive hardware names declined. BlackBerry Jumps as Mobileye Drops

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ:MBLY) develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.