Mobileye Global (NASDAQ:MBLY) Price Target Raised to $18.00

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target lifted by investment analysts at UBS Group from $15.00 to $18.00 in a report released on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's target price would suggest a potential upside of 12.13% from the company's previous close.

A number of other research firms have also issued reports on MBLY. BNP Paribas raised Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price on the stock in a report on Wednesday, April 23rd. Wall Street Zen raised Mobileye Global to a "sell" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price objective on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC decreased their price objective on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler lifted their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global has an average rating of "Hold" and a consensus price target of $19.70.

Mobileye Global Stock Down 0.4%

Shares of MBLY traded down $0.06 during midday trading on Monday, reaching $16.05. 895,416 shares of the stock were exchanged, compared to its average volume of 5,750,519. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $27.38. The firm has a 50 day simple moving average of $16.52 and a 200-day simple moving average of $16.03. The company has a market cap of $13.04 billion, a price-to-earnings ratio of -4.37, a P/E/G ratio of 86.75 and a beta of 0.54.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued 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. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The business had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same period last year, the business earned ($0.07) EPS. The firm's revenue was up 83.3% compared to the same quarter last year. Research analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Boaz Ouriel sold 67,493 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was 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 directly owned 107,853 shares of the company's stock, valued at $1,735,354.77. This represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MBLY. Rhumbline Advisers bought a new stake in Mobileye Global in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Mobileye Global in the fourth quarter valued at approximately $40,000. Ancora Advisors LLC bought a new stake in Mobileye Global in the fourth quarter valued at approximately $40,000. Allianz SE bought a new stake in Mobileye Global in the fourth quarter valued at approximately $43,000. Finally, Jones Financial Companies Lllp raised its stake in Mobileye Global by 1,795.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,033 shares of the company's stock valued at $60,000 after buying an additional 2,873 shares during the period. 13.25% of the stock is 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.

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