Robert W. Baird Issues Pessimistic Forecast for Mobileye Global (NASDAQ:MBLY) Stock Price

Key Points

• Robert W. Baird has lowered the price target for Mobileye Global from $22.00 to $19.00, while maintaining an "outperform" rating, indicating a potential upside of 38.38% from the previous close.
• Goldman Sachs downgraded Mobileye Global to a "neutral" rating with a new target price of $17.00, signifying a shift in analyst sentiment towards the stock.
• The company reported a quarterly revenue of $506 million, exceeding estimates, and earnings per share of $0.13, which beat expectations by $0.02.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price dropped by equities researchers at Robert W. Baird from $22.00 to $19.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's target price indicates a potential upside of 29.25% from the stock's current price.

MBLY has been the subject of several other research reports. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price objective on shares of Mobileye Global in a report on Friday, July 25th. UBS Group raised their price objective on Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Barclays raised their price objective on Mobileye Global from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Mizuho lowered their price objective on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Finally, Wall Street Zen cut Mobileye Global from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.50.

Mobileye Global Trading Down 1.0%

Shares of Mobileye Global stock traded down $0.15 on Wednesday, hitting $14.70. 3,994,131 shares of the company traded hands, compared to its average volume of 3,770,589. The stock's 50 day moving average price is $15.23 and its 200-day moving average price is $15.22. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $22.51. The company has a market cap of $11.98 billion, a PE ratio of -4.03, a PEG ratio of 9.63 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data 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. 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 the consensus estimate of $466.42 million. During the same period last year, the firm earned $0.09 earnings per share. The company's quarterly revenue was up 15.3% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Mobileye Global will post 0.01 EPS for the current fiscal year.

Insider Transactions at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the firm's stock in a transaction 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 $802,500,000. This trade represents a 56.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in Mobileye Global during the first quarter valued at $2,207,000. LPL Financial LLC lifted its position in Mobileye Global by 27.5% during the first quarter. LPL Financial LLC now owns 188,698 shares of the company's stock valued at $2,716,000 after purchasing an additional 40,724 shares during the period. Raymond James Financial Inc. lifted its position in Mobileye Global by 16.2% during the first quarter. Raymond James Financial Inc. now owns 803,852 shares of the company's stock valued at $11,571,000 after purchasing an additional 111,785 shares during the period. Vanguard Group Inc. lifted its position in Mobileye Global by 3.7% during the first quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company's stock valued at $25,611,000 after purchasing an additional 63,261 shares during the period. Finally, Primecap Management Co. CA lifted its position in Mobileye Global by 9.0% during the first quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company's stock valued at $28,303,000 after purchasing an additional 161,800 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.