Mobileye Global Inc. (NASDAQ:MBLY) Given Average Rating 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.

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have been given an average rating of "Hold" by the eighteen analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $19.5882.

A number of research analysts have commented on MBLY shares. JPMorgan Chase & Co. increased their price objective on Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Robert W. Baird cut their price target on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 3rd. Canaccord Genuity Group lifted their price objective on Mobileye Global from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Needham & Company LLC restated a "buy" rating and set a $18.00 target price on shares of Mobileye Global in a research report on Friday, July 25th. Finally, TD Cowen reduced their target price on shares of Mobileye Global from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, July 25th.

Mobileye Global Trading Down 0.1%

NASDAQ MBLY traded down $0.01 on Thursday, hitting $13.78. 4,269,629 shares of the company were exchanged, compared to its average volume of 3,939,868. Mobileye Global has a 1-year low of $11.12 and a 1-year high of $22.51. The firm has a 50 day moving average of $14.61 and a two-hundred day moving average of $15.11. The company has a market cap of $11.23 billion, a P/E ratio of -3.78, a P/E/G ratio of 8.67 and a beta of 0.52.

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

Insider Buying and Selling

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of Mobileye Global stock in a transaction on Friday, July 11th. The shares were sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the completion of the sale, the insider owned 50,000,000 shares of the company's stock, valued at approximately $802,500,000. The trade was a 56.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MBLY. Rhumbline Advisers bought a new stake in Mobileye Global in the first quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Mobileye Global in the 2nd quarter valued at about $31,000. Tower Research Capital LLC TRC increased its stake in shares of Mobileye Global by 464.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company's stock valued at $59,000 after acquiring an additional 2,705 shares during the last quarter. KBC Group NV acquired a new stake in shares of Mobileye Global in the 2nd quarter valued at approximately $65,000. Finally, PNC Financial Services Group Inc. boosted its stake in Mobileye Global by 1,799.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock worth $84,000 after acquiring an additional 5,543 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors.

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.