Mobileye Global (NASDAQ:MBLY) Upgraded by Wolfe Research to Outperform

Wolfe Research upgraded shares of Mobileye Global (NASDAQ:MBLY) from a peer perform rating to an outperform rating in a report published on Friday, MarketBeat Ratings reports. Wolfe Research currently has $41.00 price target on the stock.

Several other research analysts have also recently weighed in on MBLY. Royal Bank of Canada cut their price objective on Mobileye Global from $45.00 to $39.00 and set an outperform rating on the stock in a research report on Friday, January 26th. Robert W. Baird dropped their price objective on Mobileye Global from $43.00 to $42.00 and set an outperform rating for the company in a report on Friday, January 26th. Raymond James dropped their price objective on Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd. Barclays dropped their price objective on Mobileye Global from $46.00 to $43.00 and set an overweight rating for the company in a report on Friday, January 26th. Finally, Needham & Company LLC lowered their target price on 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global currently has a consensus rating of Moderate Buy and an average price target of $43.91.

Mobileye Global Stock Down 1.2 %

Mobileye Global stock opened at $31.35 on Friday. Mobileye Global has a 12-month low of $23.49 and a 12-month high of $47.41. The business’s 50-day moving average price is $28.55 and its two-hundred day moving average price is $33.95. The stock has a market cap of $25.28 billion, a PE ratio of -783.55, a P/E/G ratio of 15.64 and a beta of -0.22.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $637.00 million for the quarter, compared to analyst estimates of $637.53 million. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. As a group, analysts expect that Mobileye Global will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Patrick P. Gelsinger bought 3,600 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the transaction, the director now owns 129,095 shares of the company’s stock, valued at $3,582,386.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mobileye Global

Several large investors have recently made changes to their positions in the business. TrueMark Investments LLC lifted its position in shares of Mobileye Global by 13.5% in the first quarter. TrueMark Investments LLC now owns 43,543 shares of the company’s stock valued at $1,400,000 after acquiring an additional 5,187 shares in the last quarter. Richelieu Gestion SA lifted its position in shares of Mobileye Global by 11.7% in the first quarter. Richelieu Gestion SA now owns 83,636 shares of the company’s stock worth $2,689,000 after buying an additional 8,759 shares in the last quarter. Washington Capital Management Inc. purchased a new stake in shares of Mobileye Global in the first quarter worth about $402,000. Park Avenue Securities LLC purchased a new stake in shares of Mobileye Global in the first quarter worth about $516,000. Finally, Polianta Ltd purchased a new stake in shares of Mobileye Global in the first quarter worth about $1,292,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.