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

Mobileye Global (NASDAQ:MBLY - Free Report) had its price target raised by Mizuho from $15.00 to $18.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. 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 report on Thursday, March 20th. Barclays reaffirmed an "equal weight" rating and issued a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. TD Cowen boosted their price objective on Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, The Goldman Sachs Group lowered Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price target on the stock. in a report on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.05.

Mobileye Global Stock Performance

Shares of MBLY traded down $1.06 during midday trading on Tuesday, hitting $17.58. 8,024,565 shares of the company traded hands, compared to its average volume of 5,467,868. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of -4.79, a PEG ratio of 166.20 and a beta of 0.54. The firm has a 50 day moving average of $16.39 and a 200-day moving average of $16.09. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $27.80.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS 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 company had revenue of $438.00 million during the quarter, compared to analyst estimates of $434.87 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The firm's revenue was up 83.3% on a year-over-year basis. Sell-side analysts predict that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of the firm's 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 sale, the executive vice president owned 107,853 shares in the company, valued at $1,735,354.77. This trade represents a 38.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MBLY. Yiheng Capital Management L.P. purchased a new position in shares of Mobileye Global during the 4th quarter worth $14,940,000. Janney Montgomery Scott LLC purchased a new position in Mobileye Global during the first quarter worth about $2,207,000. Vanguard Group Inc. increased its position in shares of Mobileye Global by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after acquiring an additional 45,756 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Mobileye Global by 7.6% in the 1st quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company's stock valued at $34,111,000 after acquiring an additional 167,333 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Mobileye Global by 21.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,508,976 shares of the company's stock worth $32,745,000 after acquiring an additional 263,758 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.