Mobileye Global Inc. (NASDAQ:MBLY) Given Average Rating of "Hold" by Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have been given an average rating of "Hold" by the twenty-five research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.63.

A number of brokerages recently issued reports on MBLY. JPMorgan Chase & Co. reduced their price target on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC cut their target price on Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. UBS Group decreased their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Wall Street Zen raised Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Finally, Robert W. Baird upped their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th.

Mobileye Global Stock Performance

MBLY stock opened at $18.34 on Friday. The company's 50-day simple moving average is $15.72 and its 200 day simple moving average is $16.07. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $28.73. The company has a market capitalization of $14.89 billion, a PE ratio of -4.98, a price-to-earnings-growth ratio of 166.47 and a beta of 0.48.

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

Insider Transactions at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the sale, the executive vice president now directly owns 107,853 shares in the company, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Mobileye Global in the 4th quarter valued at approximately $95,937,000. Dimensional Fund Advisors LP bought a new stake in shares of Mobileye Global in the fourth quarter worth $27,155,000. Light Street Capital Management LLC bought a new stake in shares of Mobileye Global in the fourth quarter worth $15,276,000. Yiheng Capital Management L.P. acquired a new stake in Mobileye Global in the fourth quarter valued at $14,940,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Mobileye Global by 433.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company's stock worth $12,837,000 after purchasing an additional 724,695 shares during the last quarter. Institutional investors own 13.25% of the company's stock.

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.

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