Mobileye Global (NASDAQ:MBLY) Stock Rating Lowered by Wall Street Zen

Key Points

• Mobileye Global (NASDAQ:MBLY) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen.
• Multiple analysts have set varying price targets for Mobileye, with UBS Group raising their target to $18.00 while Robert W. Baird decreased theirs to $22.00.
• The company's stock has seen a 2.7% decline recently and has a current price of $13.60, reflecting its market cap of $11.09 billion.

Mobileye Global (NASDAQ:MBLY - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their price target on Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. Robert W. Baird lowered their price objective on Mobileye Global from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, July 25th. The Goldman Sachs Group downgraded Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price objective for the company. in a research note on Monday, June 9th. Royal Bank Of Canada lifted their price target on Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a report on Tuesday, July 29th. Finally, Mizuho dropped their price target on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Mobileye Global presently has an average rating of "Hold" and an average target price of $19.67.

Mobileye Global Trading Down 3.8%

MBLY traded down $0.54 on Friday, hitting $13.71. 1,890,643 shares of the company were exchanged, compared to its average volume of 5,495,084. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $22.51. The company has a market cap of $11.17 billion, a price-to-earnings ratio of -3.76, a price-to-earnings-growth ratio of 9.14 and a beta of 0.52. The firm has a 50-day moving average price of $16.02 and a two-hundred day moving average price of $15.57.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations 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 was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Equities analysts expect that Mobileye Global will post 0.01 EPS for the current year.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 50,000,000 shares in the company, valued at approximately $802,500,000. This trade represents 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. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Mobileye Global in the second quarter valued at about $539,000. Nebula Research & Development LLC boosted its position in Mobileye Global by 21.7% in the second quarter. Nebula Research & Development LLC now owns 85,020 shares of the company's stock valued at $1,529,000 after buying an additional 15,175 shares during the last quarter. Jump Financial LLC purchased a new stake in Mobileye Global in the 2nd quarter worth approximately $17,987,000. Ardmore Road Asset Management LP purchased a new stake in Mobileye Global in the 2nd quarter worth approximately $719,000. Finally, Diametric Capital LP acquired a new position in shares of Mobileye Global during the 2nd quarter worth approximately $182,000. 13.25% of the stock is owned by hedge funds and other 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.