Brokerages Set Mobileye Global Inc. (NASDAQ:MBLY) Price Target at $18.63

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-five research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.63.

Several equities analysts have recently weighed in on MBLY shares. Piper Sandler upped their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. The Goldman Sachs Group lowered Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 target price for the company. in a research report on Monday, June 9th. TD Cowen increased their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Finally, Needham & Company LLC lowered their target price on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th.

Mobileye Global Stock Up 0.5%

MBLY traded up $0.09 during trading on Friday, hitting $18.07. The company's stock had a trading volume of 3,532,570 shares, compared to its average volume of 5,429,064. The firm has a market capitalization of $14.67 billion, a P/E ratio of -4.91, a PEG ratio of 162.32 and a beta of 0.54. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $28.73. The stock's fifty day moving average price is $15.97 and its 200-day moving average price is $16.07.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $438.00 million during the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. Mobileye Global's revenue for the quarter was up 83.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS. Equities research analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Boaz Ouriel sold 67,493 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the transaction, the executive vice president owned 107,853 shares in the company, valued at $1,735,354.77. The trade was a 38.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company's stock.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently modified their holdings of MBLY. Handelsbanken Fonder AB purchased a new position in Mobileye Global in the fourth quarter worth $442,000. Yiheng Capital Management L.P. purchased a new position in shares of Mobileye Global in the 4th quarter worth about $14,940,000. Janney Montgomery Scott LLC purchased a new position in shares of Mobileye Global in the 1st quarter worth about $2,207,000. Atria Wealth Solutions Inc. grew its position in Mobileye Global by 27.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 15,507 shares of the company's stock valued at $309,000 after buying an additional 3,296 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Mobileye Global by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock worth $34,181,000 after buying an additional 45,756 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Company Profile

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.