Mobileye Global (NASDAQ:MBLY) Price Target Raised to $16.00 at Barclays

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target hoisted by Barclays from $14.00 to $16.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective points to a potential downside of 0.31% from the stock's previous close.

MBLY has been the topic of several other reports. TD Cowen raised their price target on Mobileye Global from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. reduced their price target on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen upgraded Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Mizuho raised their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company raised 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 research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of "Hold" and a consensus target price of $19.21.

Mobileye Global Price Performance

Shares of NASDAQ MBLY traded down $0.22 during midday trading on Wednesday, hitting $16.05. The stock had a trading volume of 4,589,688 shares, compared to its average volume of 5,836,790. The company's 50-day simple moving average is $16.62 and its 200 day simple moving average is $15.95. The firm has a market cap of $13.03 billion, a P/E ratio of 200.62, a price-to-earnings-growth ratio of 22.39 and a beta of 0.54. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $25.09.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The company had revenue of $438.00 million during the quarter, compared to analysts' expectations of $434.87 million. During the same period last year, the firm earned ($0.07) EPS. The business's revenue for the quarter was up 83.3% on a year-over-year basis. Equities analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Insider Transactions at Mobileye Global

In other news, major shareholder Corp Intel sold 63,731,985 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 50,000,000 shares in the company, valued at $802,500,000. The trade was a 56.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Boaz Ouriel sold 67,493 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $16.09, for a total value of $1,085,962.37. Following the completion of the sale, the executive vice president 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. Insiders own 2.80% of the company's stock.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the first quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $40,000. Ancora Advisors LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $40,000. Allianz SE acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $43,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Mobileye Global by 1,799.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock valued at $84,000 after acquiring an additional 5,543 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

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.