Mobileye Global (NASDAQ:MBLY) Stock Rating Upgraded by Wolfe Research

Wolfe Research upgraded shares of Mobileye Global (NASDAQ:MBLY - Free Report) from a peer perform rating to an outperform rating in a report issued on Friday morning, Marketbeat reports. Wolfe Research currently has $41.00 price target on the stock.

MBLY has been the subject of a number of other reports. Robert W. Baird dropped their price objective on shares of Mobileye Global from $43.00 to $42.00 and set an outperform rating for the company in a research note on Friday, January 26th. Bank of America cut shares of Mobileye Global from a neutral rating to an underperform rating and dropped their price objective for the stock from $47.00 to $22.00 in a research note on Thursday, January 4th. Mizuho lowered their target price on shares of Mobileye Global from $42.00 to $38.00 and set a buy rating for the company in a research note on Friday, January 26th. Barclays lowered their target price on shares of Mobileye Global from $46.00 to $43.00 and set an overweight rating for the company in a research note on Friday, January 26th. Finally, Needham & Company LLC lowered their target price on shares of Mobileye Global from $43.00 to $36.00 and set a buy rating for the company in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Mobileye Global presently has an average rating of Moderate Buy and an average price target of $43.91.

Mobileye Global Price Performance

Shares of MBLY stock traded up $0.31 during midday trading on Friday, reaching $31.72. 2,691,364 shares of the company traded hands, compared to its average volume of 4,835,698. The firm's 50 day simple moving average is $28.46 and its two-hundred day simple moving average is $34.11. Mobileye Global has a 1-year low of $23.49 and a 1-year high of $47.41. The firm has a market cap of $25.57 billion, a PE ratio of -792.80, a price-to-earnings-growth ratio of 15.24 and a beta of -0.21.

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 for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The business had revenue of $637.00 million during the quarter, compared to analysts' expectations of $637.53 million. During the same period last year, the company posted $0.27 EPS. The company's revenue was up 12.7% on a year-over-year basis. As a group, research analysts anticipate that Mobileye Global will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger bought 3,600 shares of Mobileye Global stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the acquisition, the director now owns 129,095 shares of the company's stock, valued at approximately $3,582,386.25. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC acquired a new position in shares of Mobileye Global during the 3rd quarter valued at $25,000. Hollencrest Capital Management acquired a new position in shares of Mobileye Global during the 1st quarter valued at $27,000. Principal Securities Inc. acquired a new position in Mobileye Global in the 4th quarter worth $28,000. Cary Street Partners Investment Advisory LLC acquired a new position in Mobileye Global in the 3rd quarter worth $35,000. Finally, International Assets Investment Management LLC acquired a new position in Mobileye Global in the 3rd quarter worth $43,000. Institutional investors and hedge funds own 13.25% of the company's stock.

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.