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

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) has earned a consensus rating of "Hold" from the twenty-five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.63.

MBLY has been the subject of a number of research analyst reports. BNP Paribas upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target for the company in a research report on Wednesday, April 23rd. Needham & Company LLC dropped their target price on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group dropped their target price on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. TD Cowen raised their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, Mizuho dropped their price objective on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, April 25th.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction dated 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 completion of the sale, the executive vice president now owns 107,853 shares in the company, valued at $1,735,354.77. The trade was a 38.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently bought and sold shares of the stock. Renaissance Capital LLC grew its position in Mobileye Global by 116.2% during the fourth quarter. Renaissance Capital LLC now owns 207,355 shares of the company's stock valued at $4,131,000 after acquiring an additional 111,452 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Mobileye Global by 117.3% during the 4th quarter. Y.D. More Investments Ltd now owns 77,150 shares of the company's stock worth $1,537,000 after purchasing an additional 41,650 shares during the period. Financial Advocates Investment Management purchased a new stake in shares of Mobileye Global during the 4th quarter worth about $428,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Mobileye Global by 2,124.2% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 167,084 shares of the company's stock worth $3,328,000 after purchasing an additional 159,572 shares during the period. Finally, Robocap Asset Management Ltd grew its holdings in shares of Mobileye Global by 28.2% during the 4th quarter. Robocap Asset Management Ltd now owns 124,467 shares of the company's stock worth $2,479,000 after purchasing an additional 27,416 shares during the period. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

NASDAQ:MBLY traded up $0.38 during trading hours on Tuesday, hitting $16.88. The company's stock had a trading volume of 2,157,275 shares, compared to its average volume of 5,504,878. The business's 50-day moving average is $14.82 and its two-hundred day moving average is $16.20. The company has a market capitalization of $13.71 billion, a PE ratio of -4.42, a PEG ratio of 69.54 and a beta of 0.48. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results 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 186.82% and a negative return on equity of 0.34%. The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. During the same quarter last year, the firm posted ($0.07) EPS. The business's revenue was up 83.3% compared to the same quarter last year. As a group, analysts predict that Mobileye Global will post 0.01 EPS for the current fiscal year.

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.