Mobileye Global (NASDAQ:MBLY) Lowered to Neutral Rating by The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Mobileye Global (NASDAQ:MBLY - Free Report) from a buy rating to a neutral rating in a research report report published on Monday, Marketbeat Ratings reports. The firm currently has $17.00 price objective on the stock.

Several other equities analysts have also recently weighed in on MBLY. Needham & Company LLC decreased their target price on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. TD Cowen boosted their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and raised their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. reduced their price target on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Finally, Robert W. Baird upped their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.63.

Mobileye Global Price Performance

MBLY stock traded down $0.48 during midday trading on Monday, hitting $15.88. The company's stock had a trading volume of 2,213,017 shares, compared to its average volume of 5,404,371. The company's fifty day moving average price is $14.95 and its 200 day moving average price is $16.18. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $31.32. The stock has a market capitalization of $12.89 billion, a P/E ratio of -4.16, a PEG ratio of 69.54 and a beta of 0.48.

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

Insiders Place Their Bets

In other news, EVP Boaz Ouriel sold 67,493 shares of the business'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 value of $1,085,962.37. Following the completion of the transaction, the executive vice president now directly owns 107,853 shares in the company, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mystic Asset Management Inc. raised its holdings in shares of Mobileye Global by 3.6% during the 1st quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company's stock worth $290,000 after buying an additional 700 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after acquiring an additional 737 shares during the last quarter. Perigon Wealth Management LLC raised its stake 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 acquiring an additional 914 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Mobileye Global by 136.9% in the fourth 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. Finally, Rhumbline Advisers bought a new position in shares of Mobileye Global in the first quarter worth about $27,000. 13.25% of the stock is currently 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.