Mizuho Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $15.00

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price decreased by stock analysts at Mizuho from $16.00 to $15.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Mizuho's price objective would suggest a potential upside of 4.02% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. TD Cowen upped their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC lowered their price target on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays reaffirmed an "equal weight" rating and set a $14.00 price target (down from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. Finally, Piper Sandler upped their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $18.63.

Mobileye Global Stock Performance

MBLY traded down $0.50 during trading on Friday, hitting $14.42. The stock had a trading volume of 1,657,726 shares, compared to its average volume of 5,418,781. The firm has a market capitalization of $11.70 billion, a P/E ratio of -3.77, a PEG ratio of 69.54 and a beta of 0.39. The company's 50-day moving average price is $14.46 and its 200 day moving average price is $15.92. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $438.00 million for the quarter, compared to analysts' expectations of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Mobileye Global's revenue was up 83.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. As a group, equities analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MBLY. Norges Bank purchased a new stake in shares of Mobileye Global during the 4th quarter valued at $95,937,000. Dimensional Fund Advisors LP bought a new position in shares of Mobileye Global during the fourth quarter valued at approximately $27,155,000. Light Street Capital Management LLC acquired a new position in Mobileye Global during the 4th quarter valued at approximately $15,276,000. Yiheng Capital Management L.P. acquired a new position in Mobileye Global during the 4th quarter valued at approximately $14,940,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Mobileye Global during the 4th quarter valued at approximately $13,897,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.