Mobileye Global Inc. (NASDAQ:MBLY) Receives $30.81 Average Target Price from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has received a consensus rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $29.55.

MBLY has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Mobileye Global from $40.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a research report on Monday, July 15th. Fox Advisors cut Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Royal Bank of Canada lowered their target price on Mobileye Global from $34.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Finally, Daiwa America lowered Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th.

Mobileye Global Trading Down 4.8 %

MBLY stock opened at $13.70 on Thursday. The firm has a market cap of $11.09 billion, a PE ratio of -65.24 and a beta of 0.08. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $44.48. The company has a fifty day simple moving average of $14.71 and a 200 day simple moving average of $23.78.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, analysts forecast that Mobileye Global will post -0.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Amnon Shashua purchased 631,963 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the purchase, the chief executive officer now directly owns 4,080,097 shares in the company, valued at $67,362,401.47. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Amnon Shashua bought 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the transaction, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick P. Gelsinger purchased 6,400 shares of Mobileye Global stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the transaction, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Green Alpha Advisors LLC grew its holdings in shares of Mobileye Global by 2.6% during the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock worth $630,000 after purchasing an additional 500 shares during the last quarter. Principal Securities Inc. acquired a new stake in Mobileye Global in the 4th quarter valued at about $28,000. Perigon Wealth Management LLC raised its stake in shares of Mobileye Global by 6.7% in the first quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock worth $341,000 after acquiring an additional 664 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Mobileye Global by 9.9% in the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after acquiring an additional 774 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of Mobileye Global by 1.1% during the fourth quarter. Stephens Investment Management Group LLC now owns 72,656 shares of the company’s stock worth $3,147,000 after purchasing an additional 779 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.