Mobileye Global (NASDAQ:MBLY) Stock Rating Upgraded by StockNews.com

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

A number of other analysts have also commented on the company. JPMorgan Chase & Co. reduced their target price on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. UBS Group decreased their target price on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Mizuho dropped their price target on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Piper Sandler lifted their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two 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 given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Trading Down 1.2 %

Mobileye Global stock traded down $0.18 during mid-day trading on Tuesday, hitting $14.40. The company had a trading volume of 2,440,384 shares, compared to its average volume of 5,423,984. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $33.26. The company has a market capitalization of $11.69 billion, a PE ratio of -3.77, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39. The stock's 50 day moving average price is $14.42 and its two-hundred day moving average price is $15.91.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Mobileye Global's revenue for the quarter was up 83.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. Equities research analysts anticipate that Mobileye Global will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors have recently bought and sold shares of the business. ARK Investment Management LLC grew its position in shares of Mobileye Global by 89.4% during the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock worth $2,825,000 after purchasing an additional 66,934 shares in the last quarter. Versant Capital Management Inc grew its holdings in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after buying an additional 1,131 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $442,000. Yiheng Capital Management L.P. bought a new position in shares of Mobileye Global during the fourth quarter worth $14,940,000. Finally, Slow Capital Inc. grew its stake in Mobileye Global by 440.7% during the fourth quarter. Slow Capital Inc. now owns 246,314 shares of the company's stock valued at $4,907,000 after acquiring an additional 200,757 shares in 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.