Mobileye Global (NASDAQ:MBLY) Stock Rating Upgraded by Wall Street Zen

Key Points

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Mobileye Global (NASDAQ:MBLY - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other research analysts have also issued reports on MBLY. Canaccord Genuity Group upped their price target on shares of Mobileye Global from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Mizuho cut their target price on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. UBS Group lifted their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price target on shares of Mobileye Global in a research note on Friday, July 25th. Finally, Wells Fargo & Company raised their price objective on Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.58.

Mobileye Global Price Performance

Shares of MBLY stock opened at $13.93 on Friday. The stock's fifty day moving average price is $16.40 and its 200 day moving average price is $15.71. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $22.51. The company has a market cap of $11.32 billion, a price-to-earnings ratio of -3.82, a price-to-earnings-growth ratio of 9.33 and a beta of 0.54.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%. The business had revenue of $506.00 million for the quarter, compared to analyst estimates of $466.42 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The company's revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Corp Intel sold 63,731,985 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the sale, the insider directly owned 50,000,000 shares of the company's stock, valued at $802,500,000. This represents a 56.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Boaz Ouriel sold 67,493 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its stake in Mobileye Global by 96.2% in the 4th quarter. LPL Financial LLC now owns 147,974 shares of the company's stock valued at $2,948,000 after acquiring an additional 72,550 shares during the period. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 45,756 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $181,000. Rockefeller Capital Management L.P. increased its stake in shares of Mobileye Global by 77.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 32,766 shares of the company's stock worth $653,000 after purchasing an additional 14,296 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Mobileye Global during the fourth quarter worth about $206,000. 13.25% of the stock is currently owned by hedge funds and other 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.

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