Mobileye Global (NASDAQ:MBLY) Stock Price Expected to Rise, UBS Group Analyst Says

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target increased by research analysts at UBS Group from $15.00 to $18.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price objective points to a potential upside of 11.07% from the stock's previous close.

A number of other research firms also recently weighed in on MBLY. BNP Paribas upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price for the company in a research report on Wednesday, April 23rd. TD Cowen boosted their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen raised shares of Mobileye Global to a "sell" rating in a report on Tuesday, April 29th. Wells Fargo & Company lifted their target price on shares of Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Barclays restated an "equal weight" rating and set a $14.00 price target (down from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.11.

Mobileye Global Stock Performance

Mobileye Global stock traded up $0.36 during midday trading on Monday, hitting $16.21. 3,802,620 shares of the company's stock were exchanged, compared to its average volume of 5,810,303. The stock has a 50-day moving average price of $16.62 and a two-hundred day moving average price of $16.00. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $27.25. The company has a market cap of $13.16 billion, a P/E ratio of -4.40, a PEG ratio of 26.45 and a beta of 0.54.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results 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 negative net margin of 160.50% and a positive return on equity of 0.54%. 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 firm posted ($0.07) earnings per share. Mobileye Global's quarterly revenue was up 83.3% on a year-over-year basis. As a group, sell-side analysts expect that Mobileye Global will post 0.01 earnings per share for the current year.

Insider Activity at Mobileye Global

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of the company's stock in a transaction 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 approximately $802,500,000. This represents a 56.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Boaz Ouriel sold 67,493 shares of the firm'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 sale, the executive vice president directly owned 107,853 shares of the company's stock, valued at approximately $1,735,354.77. This represents a 38.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently bought and sold shares of the stock. Yiheng Capital Management L.P. bought a new stake in Mobileye Global during the 4th quarter valued at approximately $14,940,000. Janney Montgomery Scott LLC bought a new stake in shares of Mobileye Global during the first quarter valued at approximately $2,207,000. Vanguard Group Inc. grew its stake in Mobileye Global by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock worth $34,181,000 after purchasing an additional 45,756 shares during the period. Arcadia Investment Management Corp MI raised its holdings in Mobileye Global by 42.3% in the first quarter. Arcadia Investment Management Corp MI now owns 75,036 shares of the company's stock worth $1,080,000 after purchasing an additional 22,300 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Mobileye Global by 7.6% in the first quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company's stock worth $34,111,000 after purchasing an additional 167,333 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

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.