Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Rating of "Hold" from Brokerages

Key Points

• Mobileye Global holds an average “Hold” rating among 25 analysts, with 11 buy ratings, 11 holds, two sells and one strong buy. The average 12-month price target is $12.65, above the stock’s recent $8.54 price.
• Recent analyst actions were mixed: Canaccord Genuity, TD Cowen and UBS lowered their price targets, while Piper Sandler and Berenberg upgraded the shares to overweight and buy, respectively.
• Mobileye reported quarterly EPS of $0.19 versus the $0.06 consensus estimate and revenue of $508 million versus expectations of $480.51 million. Two directors also purchased roughly $199,000 worth of shares combined, while the stock remains down 1.6% in recent trading.

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) has received an average rating of "Hold" from the twenty-five ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.6455.

Several research analysts have issued reports on MBLY shares. 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 research note on Friday, July 24th. Piper Sandler upgraded shares of Mobileye Global from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $10.00 to $12.00 in a research note on Monday, July 27th. TD Cowen lowered their target price on shares of Mobileye Global from $11.50 to $9.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Berenberg Bank upgraded shares of Mobileye Global from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a research report on Monday, August 17th. Finally, UBS Group cut their price target on shares of Mobileye Global from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, July 24th.

Insider Activity at Mobileye Global

In other news, Director Frank D. Yeary bought 12,360 shares of the business's stock in a transaction dated Thursday, July 30th. The stock was bought at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the purchase, the director owned 12,360 shares of the company's stock, valued at approximately $98,632.80. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the business's 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 purchase, the director directly owned 84,336 shares of the company's stock, valued at $713,482.56. The trade was a 16.33% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 10.00% of the company's stock.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently bought and sold shares of MBLY. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Mobileye Global in the second quarter worth $104,000. California State Teachers Retirement System increased its stake in shares of Mobileye Global by 797.0% in the second quarter. California State Teachers Retirement System now owns 1,747,308 shares of the company's stock valued at $180,507,000 after buying an additional 1,552,503 shares in the last quarter. Compass Financial Management LLC bought a new position in shares of Mobileye Global in the second quarter valued at about $795,000. Concurrent Investment Advisors LLC raised its holdings in shares of Mobileye Global by 50.2% in the second quarter. Concurrent Investment Advisors LLC now owns 29,825 shares of the company's stock valued at $289,000 after buying an additional 9,972 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Mobileye Global in the second quarter valued at about $77,000. Institutional investors own 13.25% of the company's stock.

Mobileye Global Trading Down 1.6%

MBLY stock opened at $8.54 on Thursday. Mobileye Global has a 1-year low of $6.47 and a 1-year high of $15.81. The business's 50 day moving average is $8.77 and its 200-day moving average is $8.72. The firm has a market cap of $7.17 billion, a P/E ratio of -1.71, a P/E/G ratio of 2.96 and a beta of 1.20.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.06 by $0.13. The business had revenue of $508.00 million during the quarter, compared to the consensus estimate of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.Mobileye Global's revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) EPS. Sell-side analysts forecast that Mobileye Global will post 0.11 EPS for the current 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.

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