Mobileye Global (NASDAQ:MBLY) Upgraded to "Neutral" at BNP Paribas

Mobileye Global (NASDAQ:MBLY - Get Free Report) was upgraded by equities researchers at BNP Paribas from an "underperform" rating to a "neutral" rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $11.00 target price on the stock. BNP Paribas' price objective indicates a potential downside of 26.83% from the company's current price.

Several other equities research analysts also recently commented on MBLY. JPMorgan Chase & Co. decreased their price objective on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. UBS Group cut their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group lowered their price objective on Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Piper Sandler upped their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, Oppenheimer initiated coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.35.

Mobileye Global Stock Performance

Shares of MBLY traded down $0.11 during mid-day trading on Wednesday, reaching $15.03. 1,506,922 shares of the company were exchanged, compared to its average volume of 5,444,858. The business has a 50 day simple moving average of $14.58 and a two-hundred day simple moving average of $15.91. The stock has a market capitalization of $12.19 billion, a PE ratio of -3.93, a PEG ratio of 69.54 and a beta of 0.39. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The company's revenue for the quarter was up 83.3% on a year-over-year basis. On average, analysts predict that Mobileye Global will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Mobileye Global

A number of large investors have recently modified their holdings of MBLY. Parkside Financial Bank & Trust lifted its stake in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after purchasing an additional 737 shares in the last quarter. Perigon Wealth Management LLC grew its position in Mobileye Global by 4.6% during the first quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock worth $301,000 after buying an additional 914 shares in the last quarter. Global Retirement Partners LLC increased its stake in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after acquiring an additional 932 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in shares of Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock valued at $233,000 after acquiring an additional 1,147 shares during the last quarter. 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.