Mobileye Global Inc. (NASDAQ:MBLY) Receives $13.77 Consensus Price Target from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received an average rating of “Hold” from the twenty-five brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.7727.

A number of equities analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Mobileye Global in a research report on Monday, May 18th. They set an “underperform” rating and a $8.00 price objective for the company. JPMorgan Chase & Co. lowered their target price 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. UBS Group increased their target price on Mobileye Global from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Mizuho increased their target price on Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded Mobileye Global from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th.

Mobileye Global Price Performance

MBLY stock opened at $8.46 on Friday. The company has a fifty day moving average price of $9.19 and a two-hundred day moving average price of $9.34. Mobileye Global has a one year low of $6.47 and a one year high of $20.18. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of -1.68 and a beta of 1.15.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The firm had revenue of $558.00 million during the quarter, compared to analysts’ expectations of $519.34 million. During the same period in the previous year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. Research analysts anticipate that Mobileye Global will post -0.09 EPS for the current fiscal year.

Mobileye Global announced that its board has initiated a share buyback plan on Thursday, April 23rd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Mobileye Global

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc boosted its holdings in Mobileye Global by 465.7% in the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after purchasing an additional 1,495 shares during the period. Rhumbline Advisers bought a new stake in Mobileye Global in the 1st quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in Mobileye Global in the 2nd quarter valued at about $31,000. Financial Management Professionals Inc. bought a new stake in Mobileye Global in the 4th quarter valued at about $32,000. Finally, Leonteq Securities AG bought a new stake in Mobileye Global in the 4th quarter valued at about $33,000. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.