Mobileye Global (NASDAQ:MBLY) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Mobileye Global received a "sell (D-)" rating from Weiss Ratings, indicating bearish sentiments towards the stock's performance.
• Various brokerages have adjusted their price targets for Mobileye Global, with estimates ranging from $17.00 to $30.00 and a consensus rating of "Hold".
• Insider trading activity saw Intel Corp sell over 63 million shares, reducing their holding by 56.04% and raising concerns about investor confidence.

Mobileye Global (NASDAQ:MBLY - Get Free Report)'s stock had its "sell (d-)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently weighed in on MBLY. TD Cowen decreased their price target on Mobileye Global from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Robert W. Baird dropped their price objective on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, September 3rd. Needham & Company LLC restated a "buy" rating and set a $18.00 target price on shares of Mobileye Global in a report on Friday, July 25th. Mizuho decreased their price objective on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Finally, 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 report on Friday, July 25th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $19.50.

Mobileye Global Stock Performance

MBLY traded up $0.04 during mid-day trading on Wednesday, reaching $15.58. 996,004 shares of the stock were exchanged, compared to its average volume of 5,373,113. The stock has a market capitalization of $12.69 billion, a PE ratio of -4.27, a price-to-earnings-growth ratio of 9.49 and a beta of 0.52. The company has a 50 day moving average price of $14.18 and a two-hundred day moving average price of $15.07. Mobileye Global has a 1 year low of $11.12 and a 1 year high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) 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 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. Sell-side 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 Mobileye Global 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 completion of the transaction, the insider owned 50,000,000 shares in the company, valued at approximately $802,500,000. The trade was a 56.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Mobileye Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC lifted its stake in shares of Mobileye Global by 218.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,593,168 shares of the company's stock worth $28,645,000 after purchasing an additional 1,093,289 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of Mobileye Global in the second quarter worth about $19,393,000. Jump Financial LLC purchased a new stake in shares of Mobileye Global in the second quarter worth about $17,987,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Mobileye Global by 433.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company's stock valued at $12,837,000 after purchasing an additional 724,695 shares during the period. Finally, Engineers Gate Manager LP lifted its position in Mobileye Global by 266.6% during the second quarter. Engineers Gate Manager LP now owns 982,540 shares of the company's stock worth $17,666,000 after buying an additional 714,507 shares in the last quarter. 13.25% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.