Barclays Issues Positive Forecast for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target hoisted by equities research analysts at Barclays from $14.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential downside of 0.47% from the company's previous close.

A number of other brokerages have also issued reports on MBLY. Piper Sandler upped their target price on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Wells Fargo & Company upped their target price on shares of Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Needham & Company LLC cut their target price 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. TD Cowen upped their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price on the stock in a research note on Wednesday, April 23rd. Two equities research 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $19.21.

Mobileye Global Stock Performance

Mobileye Global stock traded down $0.20 during trading on Wednesday, reaching $16.08. 2,095,875 shares of the company's stock were exchanged, compared to its average volume of 5,816,945. The company's 50-day moving average is $16.63 and its two-hundred day moving average is $15.98. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $27.25. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of -4.35, a PEG ratio of 26.01 and a beta of 0.54.

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

Insider Activity at Mobileye Global

In other news, major shareholder Corp Intel sold 63,731,985 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were 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 directly owned 50,000,000 shares in the company, valued at $802,500,000. This trade represents a 56.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the transaction, the executive vice president owned 107,853 shares of the company's stock, valued at $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. Company insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management boosted its holdings in Mobileye Global by 6.7% during the second quarter. Triumph Capital Management now owns 75,840 shares of the company's stock worth $1,364,000 after buying an additional 4,795 shares in the last quarter. Rhumbline Advisers bought a new stake in Mobileye Global during the first quarter worth approximately $27,000. Woodline Partners LP bought a new stake in Mobileye Global during the first quarter worth approximately $4,711,000. Caxton Associates LLP bought a new stake in Mobileye Global during the first quarter worth approximately $422,000. Finally, Sender Co & Partners Inc. bought a new stake in Mobileye Global during the first quarter worth approximately $188,000. 13.25% of the stock is currently owned by institutional investors.

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.