Mobileye Global Inc. (NASDAQ:MBLY) Receives $12.16 Consensus Target Price from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has earned a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.16.

Several brokerages have commented on MBLY. Mizuho lowered their price objective on shares of Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Zacks Research upgraded shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a report on Monday. Canaccord Genuity Group lowered their price target on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, July 24th. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 target price on shares of Mobileye Global in a report on Friday, July 24th. Finally, Tigress Financial decreased their target price on Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, July 30th.

Insider Activity at Mobileye Global

In related news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the acquisition, the director directly owned 84,336 shares of the company’s stock, valued at $713,482.56. This trade represents a 16.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Yeary bought 12,360 shares of Mobileye Global stock in a transaction dated Thursday, July 30th. The stock was purchased at an average price of $7.98 per share, with a total value of $98,632.80. Following the purchase, the director owned 12,360 shares in the company, valued at approximately $98,632.80. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 10.00% of the company’s stock.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently made changes to their positions in MBLY. Leonteq Securities AG bought a new position in shares of Mobileye Global in the fourth quarter worth approximately $33,000. Bogart Wealth LLC boosted its holdings in Mobileye Global by 5,000.0% during the 1st quarter. Bogart Wealth LLC now owns 5,100 shares of the company’s stock valued at $35,000 after acquiring an additional 5,000 shares during the period. Allworth Financial LP increased its stake in shares of Mobileye Global by 63.6% in the second quarter. Allworth Financial LP now owns 3,947 shares of the company’s stock worth $38,000 after buying an additional 1,535 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Mobileye Global by 204.9% during the first quarter. PNC Financial Services Group Inc. now owns 8,686 shares of the company’s stock valued at $60,000 after acquiring an additional 5,837 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Mobileye Global during the second quarter valued at approximately $77,000. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $7.61 on Monday. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of -1.53, a P/E/G ratio of 2.52 and a beta of 1.22. The business has a fifty day simple moving average of $8.45 and a two-hundred day simple moving average of $8.62. Mobileye Global has a 1 year low of $6.47 and a 1 year high of $15.81.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. The company had revenue of $508.00 million during the quarter, compared to analysts’ expectations of $480.51 million. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. Mobileye Global’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.08) earnings per share. As a group, equities analysts anticipate that Mobileye Global will post 0.11 earnings per share for the current fiscal year.

Mobileye Global Company Profile

Mobileye Global Inc is a technology company that develops advanced driver-assistance systems (ADAS) and autonomous driving solutions for vehicle manufacturers and mobility providers. Its technologies use computer vision, artificial intelligence, mapping and sensor systems to help vehicles detect road conditions, identify hazards and support safer driving.

The company’s product portfolio includes EyeQ system-on-chip platforms, camera-based safety features such as automatic emergency braking and lane-keeping assistance, and more advanced systems marketed under names including Mobileye SuperVision and Mobileye Drive.