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

Key Points

• Mobileye Global Inc. has received a consensus recommendation of "Hold" from 18 analysts, with one sell rating, eight holds, and nine buy ratings.
• Barclays and Canaccord Genuity have adjusted price targets for the stock, with Barclays setting a target of $16.00 and Canaccord Genuity increasing it to $30.00.
• Insider activity shows that major shareholder Intel sold over 63 million shares, reducing their stake by 56.04%, while institutional investors control 13.25% of the stock.

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) has been assigned an average recommendation of "Hold" from the eighteen analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $19.5882.

A number of brokerages recently commented on MBLY. Wall Street Zen cut Mobileye Global from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Barclays boosted their target price on Mobileye Global from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Canaccord Genuity Group increased their price target on shares of Mobileye Global from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their price objective on shares of Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Robert W. Baird decreased their price objective on shares of Mobileye Global from $22.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, September 3rd.

Insider Activity

In related news, major shareholder Corp Intel sold 63,731,985 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the completion of the sale, the insider owned 50,000,000 shares in the company, valued at $802,500,000. This represents a 56.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. Janney Montgomery Scott LLC bought a new position in shares of Mobileye Global during the 1st quarter valued at about $2,207,000. LPL Financial LLC raised its holdings in Mobileye Global by 27.5% during the 1st quarter. LPL Financial LLC now owns 188,698 shares of the company's stock worth $2,716,000 after buying an additional 40,724 shares during the period. Raymond James Financial Inc. lifted its stake in Mobileye Global by 16.2% in the first quarter. Raymond James Financial Inc. now owns 803,852 shares of the company's stock valued at $11,571,000 after buying an additional 111,785 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Mobileye Global in the first quarter valued at approximately $405,000. Finally, Vanguard Group Inc. increased its position in shares of Mobileye Global by 3.7% during the first quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company's stock worth $25,611,000 after acquiring an additional 63,261 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $13.88 on Thursday. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of -3.80, a P/E/G ratio of 9.76 and a beta of 0.52. The company has a 50 day moving average of $15.01 and a 200-day moving average of $15.18. Mobileye Global has a one year low of $10.48 and a one year high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $506.00 million for the quarter, compared to analysts' expectations of $466.42 million. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. Mobileye Global has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

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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