Mobileye Global (NASDAQ:MBLY) Raised to Sell at StockNews.com

Mobileye Global (NASDAQ:MBLY - Get Free Report) was upgraded by StockNews.com to a "sell" rating in a research report issued to clients and investors on Tuesday.

Several other analysts also recently weighed in on the stock. Mizuho dropped their target price on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, April 25th. TD Cowen lifted their price objective on Mobileye Global from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group lowered their target price on Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group cut their price target on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded up $0.21 during trading on Tuesday, hitting $14.61. 1,960,406 shares of the company were exchanged, compared to its average volume of 5,446,504. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $33.26. The firm has a market capitalization of $11.86 billion, a PE ratio of -3.82, a P/E/G ratio of 69.54 and a beta of 0.39. The company has a fifty day moving average price of $14.35 and a 200-day moving average price of $15.96.

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

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after purchasing an additional 737 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Mobileye Global by 4.6% in the first quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock valued at $301,000 after purchasing an additional 914 shares during the period. Global Retirement Partners LLC raised 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 valued at $32,000 after buying an additional 932 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after buying an additional 1,131 shares during the period. Finally, Daymark Wealth Partners LLC grew its holdings in shares of Mobileye Global by 10.9% during the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after buying an additional 1,147 shares during the last quarter. Hedge funds and other institutional investors 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.