UBS Group Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $9.00

Key Points

• UBS Group cut its price target on Mobileye to $9.00 (from $12.00) and kept a "neutral" rating, implying roughly an 18% upside from the current share price.
• Analyst views are mixed: Mobileye has a consensus rating of "Hold" with a consensus price target of $15.33, while individual firms range from strong buy to sell.
• Shares traded around $7.61 with a $6.4 billion market cap; Mobileye reported $446M in quarterly revenue (beating estimates) but revenue was down 9% year-over-year and the company showed a negative net margin of 20.7%.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target decreased by investment analysts at UBS Group from $12.00 to $9.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 18.34% from the stock's current price.

Several other equities analysts also recently commented on MBLY. Piper Sandler decreased their price target on shares of Mobileye Global from $15.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, January 8th. Wall Street Zen downgraded shares of Mobileye Global from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. HSBC downgraded shares of Mobileye Global from a "buy" rating to a "hold" rating and set a $11.00 price target on the stock. in a research note on Friday, January 23rd. Zacks Research upgraded shares of Mobileye Global from a "strong sell" rating to a "hold" rating in a research note on Friday, March 27th. Finally, Berenberg Bank began coverage on shares of Mobileye Global in a research note on Wednesday, April 1st. They issued a "buy" rating and a $9.30 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and a consensus price target of $15.33.

Mobileye Global Stock Up 1.8%

Shares of MBLY traded up $0.14 during trading hours on Tuesday, hitting $7.61. The company had a trading volume of 1,513,596 shares, compared to its average volume of 8,122,073. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of -15.52 and a beta of 0.75. The business has a fifty day moving average of $8.09 and a 200-day moving average of $10.65. Mobileye Global has a 12 month low of $6.47 and a 12 month high of $20.18.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $446.00 million for the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The company's revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, equities analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently bought and sold shares of the company. Intel Corp acquired a new stake in Mobileye Global during the third quarter worth about $706,000,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mobileye Global during the third quarter worth about $40,670,000. Ion Asset Management Ltd. acquired a new stake in Mobileye Global during the third quarter worth about $3,389,000. JPMorgan Chase & Co. lifted its holdings in shares of Mobileye Global by 57.6% in the third quarter. JPMorgan Chase & Co. now owns 686,976 shares of the company's stock worth $9,700,000 after acquiring an additional 251,072 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Mobileye Global in the third quarter worth about $2,470,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Company Profile

Mobileye Global Inc NASDAQ: MBLY is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye's core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.

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