Mobileye Global (NASDAQ:MBLY) PT Lowered to $40.00

Mobileye Global (NASDAQ:MBLY) had its price objective reduced by Barclays from $43.00 to $40.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also commented on MBLY. Needham & Company LLC reiterated a buy rating and issued a $36.00 price objective on shares of Mobileye Global in a report on Friday, April 26th. Citigroup cut their price objective on shares of Mobileye Global from $58.00 to $53.00 and set a buy rating on the stock in a report on Monday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an overweight rating in a report on Thursday, April 11th. UBS Group cut their price objective on shares of Mobileye Global from $36.00 to $33.00 and set a buy rating on the stock in a report on Wednesday, July 10th. Finally, TD Cowen upped their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the company a buy rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Mobileye Global presently has a consensus rating of Moderate Buy and a consensus target price of $37.44.

Mobileye Global Trading Down 6.7 %

NASDAQ:MBLY opened at $24.67 on Tuesday. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of -117.47, a PEG ratio of 40.86 and a beta of 0.07. The firm’s fifty day simple moving average is $27.37 and its 200 day simple moving average is $28.47. Mobileye Global has a twelve month low of $23.49 and a twelve month high of $44.48.

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

Insider Transactions at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger bought 1,611 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $28.17 per share, with a total value of $45,381.87. Following the completion of the purchase, the director now directly owns 132,706 shares in the company, valued at $3,738,328.02. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Patrick P. Gelsinger bought 2,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was bought at an average price of $27.53 per share, with a total value of $55,060.00. Following the purchase, the director now directly owns 131,095 shares of the company’s stock, valued at approximately $3,609,045.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick P. Gelsinger bought 1,611 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $28.17 per share, with a total value of $45,381.87. Following the purchase, 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. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. raised its holdings in shares of Mobileye Global by 89.8% during the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock valued at $513,925,000 after purchasing an additional 7,560,929 shares in the last quarter. Norges Bank bought a new position in Mobileye Global in the 4th quarter worth $437,842,000. Kodai Capital Management LP bought a new position in Mobileye Global in the 4th quarter worth $148,924,000. Wellington Management Group LLP raised its holdings in Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after acquiring an additional 2,266,438 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Mobileye Global by 25.8% in the 4th quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock worth $113,616,000 after acquiring an additional 538,371 shares during the period. Institutional investors own 13.25% of the company’s stock.

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.