Mobileye Global (NASDAQ:MBLY) PT Lowered to $25.00

Mobileye Global (NASDAQ:MBLY) had its target price lowered by Needham & Company LLC from $36.00 to $25.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

MBLY has been the subject of several other reports. JPMorgan Chase & Co. downgraded shares of Mobileye Global from an overweight rating to a neutral rating and cut their price objective for the stock from $38.00 to $24.00 in a research report on Wednesday, July 31st. Fox Advisors downgraded shares of Mobileye Global from an overweight rating to an equal weight rating in a research report on Thursday. UBS Group cut their price objective on shares of Mobileye Global from $36.00 to $33.00 and set a buy rating for the company in a research report on Wednesday, July 10th. The Goldman Sachs Group cut their price objective on shares of Mobileye Global from $40.00 to $32.00 and set a buy rating for the company in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group lifted their price target on shares of Mobileye Global from $31.00 to $37.00 and gave the company a buy rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $33.58.

Mobileye Global Price Performance

MBLY stock traded down $0.78 during trading hours on Friday, reaching $15.18. 6,245,953 shares of the stock were exchanged, compared to its average volume of 4,413,248. The firm’s 50-day moving average is $25.91 and its 200-day moving average is $27.61. The company has a market cap of $12.24 billion, a price-to-earnings ratio of -72.29, a PEG ratio of 29.75 and a beta of 0.13. Mobileye Global has a 12 month low of $14.33 and a 12 month high of $44.48.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. During the same quarter last year, the company posted $0.11 earnings per share. Mobileye Global’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Mobileye Global will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other Mobileye Global news, CEO Amnon Shashua acquired 631,963 shares of Mobileye Global stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the purchase, the chief executive officer now directly owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Trading of Mobileye Global

Several institutional investors have recently modified their holdings of MBLY. Principal Securities Inc. bought a new stake in shares of Mobileye Global in the fourth quarter worth $28,000. Register Financial Advisors LLC acquired a new position in Mobileye Global in the first quarter valued at $32,000. National Bank of Canada FI lifted its holdings in Mobileye Global by 90.0% in the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock valued at $59,000 after buying an additional 675 shares during the period. Venturi Wealth Management LLC lifted its holdings in Mobileye Global by 33.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock valued at $69,000 after buying an additional 400 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Mobileye Global in the fourth quarter valued at $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.