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

Mobileye Global (NASDAQ:MBLY - Get Free Report) was downgraded by equities researchers at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a $17.00 price objective on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 0.71% from the stock's current price.

Several other brokerages have also issued reports on MBLY. Piper Sandler raised 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. Robert W. Baird raised their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. UBS Group reduced their price target on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Wall Street Zen raised shares of Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.63.

Mobileye Global Stock Performance

MBLY opened at $16.88 on Monday. The business's 50-day simple moving average is $14.82 and its 200-day simple moving average is $16.19. The company has a market cap of $13.71 billion, a P/E ratio of -4.42, a PEG ratio of 69.54 and a beta of 0.48. Mobileye Global has a one year low of $10.48 and a one year high of $33.26.

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 the consensus estimate of $0.08. The company had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm's revenue was up 83.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) earnings per share. As a group, analysts predict that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Insider Activity at Mobileye Global

In related news, EVP Boaz Ouriel sold 67,493 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was 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 of the company's stock, valued at $1,735,354.77. This trade represents a 38.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company's stock.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust increased its position in Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after buying an additional 737 shares in the last quarter. Rhumbline Advisers purchased a new stake in Mobileye Global during the 1st quarter worth about $27,000. Global Retirement Partners LLC raised 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 valued at $32,000 after purchasing an additional 932 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Mobileye Global in the 4th quarter valued at about $40,000. Finally, Ancora Advisors LLC purchased a new position in Mobileye Global in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors 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.

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