Mobileye Global (NASDAQ:MBLY) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Mobileye Global reported earnings of $0.13 per share, exceeding analysts' expectations of $0.11, with revenues of $506 million, surpassing estimates of $466.42 million.
• The stock of Mobileye Global fell 3.9% to $14.82 following the earnings announcement, with notable insider selling activities, including a significant sale by EVP Boaz Ouriel.
• Analysts have mixed sentiments about the stock, with several lowering their price targets while maintaining a consensus rating of "Hold" and an average target price of $19.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02, Briefing.com reports. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The firm had revenue of $506.00 million for the quarter, compared to analyst estimates of $466.42 million. During the same period in the previous year, the business earned $0.09 EPS. The company's revenue was up 15.3% compared to the same quarter last year. Mobileye Global updated its FY 2025 guidance to EPS.

Mobileye Global Stock Down 2.9%

MBLY traded down $0.41 during trading on Wednesday, hitting $13.95. The company's stock had a trading volume of 8,377,679 shares, compared to its average volume of 5,543,237. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $22.51. The stock's fifty day moving average price is $16.51 and its 200-day moving average price is $15.75. The firm has a market capitalization of $11.33 billion, a P/E ratio of -3.82, a PEG ratio of 15.68 and a beta of 0.54.

Insiders Place Their Bets

In other news, major shareholder Corp Intel sold 63,731,985 shares of the company's stock in a transaction dated 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 transaction, the insider owned 50,000,000 shares in the company, valued at approximately $802,500,000. This represents a 56.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Boaz Ouriel sold 67,493 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the transaction, the executive vice president directly owned 107,853 shares in the company, valued at approximately $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mobileye Global stock. Rhumbline Advisers bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,870 shares of the company's stock, valued at approximately $27,000. 13.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Canaccord Genuity Group lifted their target price on Mobileye Global from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Mizuho lowered their price objective on shares of Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Robert W. Baird lowered their price objective on shares of Mobileye Global from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Finally, Wells Fargo & Company boosted their price target on Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.58.

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.