Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Rating of "Hold" from Brokerages

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) has been given a consensus recommendation of "Hold" by the twenty-four brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $19.26.

A number of brokerages recently commented on MBLY. Wells Fargo & Company raised their price objective on shares of Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Mizuho dropped their price objective on shares of Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday. Canaccord Genuity Group raised their price objective on shares of Mobileye Global from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday. Robert W. Baird dropped their price objective on shares of Mobileye Global from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday. Finally, BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price objective on the stock in a report on Wednesday, April 23rd.

Mobileye Global Price Performance

MBLY traded down $0.60 during mid-day trading on Wednesday, hitting $14.82. The stock had a trading volume of 16,175,626 shares, compared to its average volume of 9,640,826. The stock's fifty day simple moving average is $16.55 and its 200-day simple moving average is $15.77. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of -4.06, a price-to-earnings-growth ratio of 15.31 and a beta of 0.54. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $466.42 million. During the same period last year, the business posted $0.09 earnings per share. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, research analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at Mobileye Global

In other news, major shareholder Corp Intel sold 63,731,985 shares of Mobileye Global stock in a transaction dated 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 transaction, the insider owned 50,000,000 shares of the company's stock, valued at $802,500,000. This trade represents a 56.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the transaction, the executive vice president directly owned 107,853 shares of the company's stock, valued at approximately $1,735,354.77. This trade represents a 38.49% decrease in their position. The disclosure for this sale can be found here. 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. Rhumbline Advisers bought a new stake in shares of Mobileye Global during the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global during the 4th quarter worth about $40,000. Ancora Advisors LLC bought a new stake in shares of Mobileye Global during the 4th quarter worth about $40,000. Allianz SE bought a new stake in shares of Mobileye Global during the 4th quarter worth about $43,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of 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 buying an additional 5,543 shares during the period. Institutional investors own 13.25% of the company's stock.

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.