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

Key Points

• Mobileye has a consensus “Hold” rating from 23 analysts, with 10 buy, 10 hold, 2 sell and 1 strong-buy recommendation. The average 12-month price target is $12.16.
• Several firms recently lowered their price targets, including Mizuho to $8, JPMorgan to $9 and Canaccord Genuity to $12, although Canaccord and Tigress Financial maintained “Buy” ratings.
• Mobileye reported quarterly EPS of $0.19 versus the $0.06 consensus estimate and revenue of $508 million, while shares recently traded near $8.02. Two directors also purchased a combined roughly $199,000 of stock, signaling insider buying.

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-three research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.16.

Several equities research analysts recently commented on the company. Mizuho reduced their price objective on Mobileye Global from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Mobileye Global from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Canaccord Genuity Group cut their target price 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. Zacks Research lowered shares of Mobileye Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 18th. Finally, Tigress Financial lowered their price target on Mobileye Global from $25.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, July 30th.

Insider Activity

In related news, Director Frank D. Yeary bought 12,360 shares of the business's stock in a transaction that occurred on Thursday, July 30th. The stock was bought at an average cost 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 approximately $98,632.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of Mobileye Global stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the acquisition, the director owned 84,336 shares in the company, valued at $713,482.56. The trade was a 16.33% increase in their position. The SEC filing for this purchase provides additional information. 10.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently made changes to their positions in the company. Leonteq Securities AG purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $33,000. Allworth Financial LP increased its position in Mobileye Global by 63.6% in the second quarter. Allworth Financial LP now owns 3,947 shares of the company's stock worth $38,000 after purchasing an additional 1,535 shares during the last quarter. Bogart Wealth LLC increased its position in Mobileye Global by 5,000.0% in the first quarter. Bogart Wealth LLC now owns 5,100 shares of the company's stock worth $35,000 after purchasing an additional 5,000 shares during the last quarter. Nykredit A S purchased a new stake in Mobileye Global during the second quarter valued at $77,000. Finally, PNC Financial Services Group Inc. raised its stake in Mobileye Global by 204.9% during the first quarter. PNC Financial Services Group Inc. now owns 8,686 shares of the company's stock valued at $60,000 after purchasing an additional 5,837 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $8.02 on Monday. The company has a market capitalization of $6.74 billion, a PE ratio of -1.61, a PEG ratio of 2.63 and a beta of 1.22. Mobileye Global has a 1-year low of $6.47 and a 1-year high of $15.81. The business has a fifty day moving average price of $8.57 and a 200-day moving average price of $8.63.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted ($0.08) earnings per share. The business's revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that Mobileye Global will post 0.11 earnings per share for the current fiscal year.

About Mobileye Global

Mobileye Global Inc is a technology company that develops advanced driver-assistance systems (ADAS) and autonomous driving solutions for vehicle manufacturers and mobility providers. Its technologies use computer vision, artificial intelligence, mapping and sensor systems to help vehicles detect road conditions, identify hazards and support safer driving.

The company's product portfolio includes EyeQ system-on-chip platforms, camera-based safety features such as automatic emergency braking and lane-keeping assistance, and more advanced systems marketed under names including Mobileye SuperVision and Mobileye Drive.

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