Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has received an average recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $37.44.

MBLY has been the subject of a number of recent research reports. Citigroup reduced their price target on Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Mobileye Global in a research report on Friday, April 26th. The Goldman Sachs Group reduced their price target on Mobileye Global from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. HSBC initiated coverage on Mobileye Global in a research report on Monday. They set a “buy” rating and a $33.00 price target for the company. Finally, Morgan Stanley downgraded Mobileye Global from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $26.00 to $25.00 in a research report on Friday, April 26th.

Mobileye Global Stock Performance

Shares of MBLY opened at $26.27 on Friday. The stock has a 50 day simple moving average of $27.45 and a 200 day simple moving average of $28.61. Mobileye Global has a 52-week low of $23.49 and a 52-week high of $45.10. The firm has a market capitalization of $21.18 billion, a PE ratio of -125.10, a P/E/G ratio of 41.92 and a beta of 0.07.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. The firm had revenue of $239.00 million for the quarter, compared to analyst estimates of $226.60 million. Equities research analysts predict that Mobileye Global will post 0.09 EPS for the current fiscal year.

Insider Activity at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger purchased 1,611 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $28.17 per share, for a total transaction of $45,381.87. Following the purchase, the director now owns 132,706 shares in the company, valued at $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Patrick P. Gelsinger acquired 2,000 shares of the stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the transaction, the director now directly owns 131,095 shares of the company’s stock, valued at $3,609,045.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick P. Gelsinger acquired 1,611 shares of the stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $28.17 per share, for a total transaction of $45,381.87. Following the transaction, the director now directly owns 132,706 shares in the company, valued at $3,738,328.02. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in Mobileye Global during the 4th quarter worth $28,000. Register Financial Advisors LLC bought a new position in Mobileye Global during the 1st quarter worth $32,000. National Bank of Canada FI increased its position in Mobileye Global by 90.0% during the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after buying an additional 675 shares during the period. Venturi Wealth Management LLC increased its position in Mobileye Global by 33.3% during the 4th quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after buying an additional 400 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Mobileye Global during the 4th quarter worth $77,000. 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.