Analysts Set Mobileye Global Inc. (NASDAQ:MBLY) PT at $18.63

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

Several equities analysts have commented on the stock. Barclays reiterated an "equal weight" rating and issued a $14.00 price objective (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Needham & Company LLC cut their price objective on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price 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. Piper Sandler boosted their price target on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their price objective on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, April 10th.

Mobileye Global Stock Up 0.7%

Shares of NASDAQ:MBLY traded up $0.11 during midday trading on Tuesday, hitting $16.78. The stock had a trading volume of 2,292,723 shares, compared to its average volume of 4,739,884. The company has a market cap of $13.63 billion, a P/E ratio of -4.39, a PEG ratio of 69.54 and a beta of 0.38. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $33.26. The business's 50-day simple moving average is $14.70 and its 200-day simple moving average is $16.20.

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, hitting the consensus estimate of $0.08. The company had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Mobileye Global's revenue for the quarter was up 83.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS. As a group, equities analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.

Insider Buying and Selling at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $16.09, for a total value of $1,085,962.37. Following the completion of the transaction, the executive vice president now owns 107,853 shares of the company's stock, valued at approximately $1,735,354.77. This represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company's stock.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. ARK Investment Management LLC boosted its holdings in shares of Mobileye Global by 89.4% during the 4th quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock valued at $2,825,000 after acquiring an additional 66,934 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Mobileye Global during the fourth quarter valued at about $442,000. Yiheng Capital Management L.P. bought a new stake in shares of Mobileye Global during the fourth quarter worth about $14,940,000. Atria Wealth Solutions Inc. increased its stake in shares of Mobileye Global by 27.0% in 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 stake in shares of Mobileye Global by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after buying an additional 45,756 shares during the period. 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.