Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Rating of "Moderate Buy" from Analysts

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) has received an average rating of "Moderate Buy" from the eighteen brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $40.58.

A number of brokerages recently issued reports on MBLY. Barclays lowered their price target on Mobileye Global from $46.00 to $43.00 and set an "overweight" rating for the company in a research report on Friday, January 26th. Raymond James reduced their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Royal Bank of Canada dropped their target price on Mobileye Global from $45.00 to $39.00 and set an "outperform" rating for the company in a research report on Friday, January 26th. Mizuho reduced their price target on Mobileye Global from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, January 26th. Finally, Canaccord Genuity Group raised their price target on Mobileye Global from $31.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday.

Mobileye Global Price Performance

Shares of NASDAQ MBLY traded down $1.20 during mid-day trading on Monday, hitting $28.00. 6,060,233 shares of the company's stock traded hands, compared to its average volume of 4,629,446. The company has a market capitalization of $22.57 billion, a P/E ratio of -133.33, a PEG ratio of 13.57 and a beta of -0.22. Mobileye Global has a 1 year low of $23.49 and a 1 year high of $47.41. The company's 50-day moving average is $29.27 and its two-hundred day moving average is $33.27.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a positive return on equity of 1.75% and a negative net margin of 8.92%. The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. Equities analysts anticipate that Mobileye Global will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Mobileye Global during the fourth quarter worth about $437,842,000. Kodai Capital Management LP acquired a new stake in shares of Mobileye Global in the fourth quarter worth $148,924,000. Wellington Management Group LLP raised its holdings in shares of Mobileye Global by 200.3% during the fourth quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company's stock worth $147,210,000 after purchasing an additional 2,266,438 shares during the last quarter. Franklin Resources Inc. lifted its position in Mobileye Global by 25.8% during the fourth quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company's stock valued at $113,616,000 after purchasing an additional 538,371 shares during the period. Finally, DAVENPORT & Co LLC boosted its holdings in Mobileye Global by 2.0% in the fourth quarter. DAVENPORT & Co LLC now owns 1,956,339 shares of the company's stock valued at $85,109,000 after purchasing an additional 38,667 shares during the last quarter. 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.