Mobileye Global (MBLY) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Mobileye Global (NASDAQ: MBLY) recently:

• 7/16/2024 – Mobileye Global had its price target lowered by analysts at Barclays PLC from $43.00 to $40.00. They now have an “overweight” rating on the stock.
• 7/15/2024 – Mobileye Global was upgraded by analysts at Hsbc Global Res to a “strong-buy” rating.
• 7/15/2024 – Mobileye Global is now covered by analysts at HSBC Holdings plc. They set a “buy” rating and a $33.00 price target on the stock.
• 7/10/2024 – Mobileye Global had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $40.00 to $32.00. They now have a “buy” rating on the stock.
• 7/10/2024 – Mobileye Global had its price target lowered by analysts at UBS Group AG from $36.00 to $33.00. They now have a “buy” rating on the stock.

Mobileye Global Stock Down 6.0 %

NASDAQ:MBLY traded down $1.59 during mid-day trading on Friday, reaching $24.85. The company’s stock had a trading volume of 3,480,363 shares, compared to its average volume of 4,135,115. Mobileye Global Inc. has a 1 year low of $23.49 and a 1 year high of $44.48. The stock has a fifty day moving average of $27.42 and a 200-day moving average of $28.60. The firm has a market capitalization of $20.03 billion, a PE ratio of -118.33, a price-to-earnings-growth ratio of 40.86 and a beta of 0.07.

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

Insider Buying and Selling

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

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC increased its position in shares of Mobileye Global by 2.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock worth $637,000 after purchasing an additional 400 shares during the last quarter. Venturi Wealth Management LLC grew its position in Mobileye Global by 33.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock valued at $69,000 after acquiring an additional 400 shares in the last quarter. Green Alpha Advisors LLC grew its position in Mobileye Global by 2.6% in the 1st quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after acquiring an additional 500 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Mobileye Global in the 4th quarter valued at about $28,000. Finally, Perigon Wealth Management LLC boosted its stake in shares of Mobileye Global by 6.7% in the 1st quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock valued at $341,000 after buying an additional 664 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

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.