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

Key Points

• Mobileye Global Inc. (NASDAQ:MBLY) has received a consensus rating of "Hold" from 19 brokerages, with two sell ratings and nine buy ratings.
• The average twelve-month price target for Mobileye Global's stock is $19.53, indicating potential growth from its current trading price around $14.67.
• Institutional investors own approximately 13.25% of Mobileye Global's stock, with several hedge funds recently adjusting their stakes in the company.

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have been given a consensus recommendation of "Hold" by the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.5294.

Several equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Mobileye Global in a research note on Saturday, September 27th. UBS Group boosted their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen downgraded shares of Mobileye Global from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Barclays increased their price target on shares of Mobileye Global from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, TD Cowen dropped their price objective 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 Price Performance

Shares of MBLY opened at $14.67 on Monday. The company has a 50-day simple moving average of $14.13 and a two-hundred day simple moving average of $15.07. The firm has a market capitalization of $11.96 billion, a PE ratio of -4.02, a price-to-earnings-growth ratio of 9.23 and a beta of 0.52. Mobileye Global has a one year low of $11.12 and a one 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 analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $506.00 million for the quarter, compared to the consensus estimate of $466.42 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. Analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Insider Activity at Mobileye Global

In other news, major shareholder Corp Intel sold 63,731,985 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the sale, the insider directly owned 50,000,000 shares of the company's stock, valued at $802,500,000. The trade was a 56.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently added to or reduced their stakes in the stock. Mystic Asset Management Inc. grew its stake in shares of Mobileye Global by 3.6% in the first quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company's stock worth $290,000 after acquiring an additional 700 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Mobileye Global by 4.6% in the 1st quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock worth $301,000 after purchasing an additional 914 shares in the last quarter. Sei Investments Co. grew its position in Mobileye Global by 2.5% during the 2nd quarter. Sei Investments Co. now owns 45,080 shares of the company's stock valued at $811,000 after purchasing an additional 1,090 shares during the last quarter. Creative Planning increased its stake in Mobileye Global by 10.2% during the 2nd quarter. Creative Planning now owns 18,316 shares of the company's stock valued at $329,000 after purchasing an additional 1,693 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Mobileye Global during the 2nd quarter valued at about $31,000. 13.25% of the stock is owned by institutional investors.

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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