Mobileye Global (NASDAQ:MBLY) Receives “Outperform” Rating from Evercore ISI

Evercore ISI reissued their outperform rating on shares of Mobileye Global (NASDAQ:MBLY) in a research note issued to investors on Monday, Benzinga reports. The firm currently has a $35.00 target price on the stock.

Other equities research analysts have also issued research reports about the company. HSBC assumed coverage on Mobileye Global in a research report on Monday, July 15th. They issued a buy rating and a $33.00 target price on the stock. Daiwa Capital Markets downgraded Mobileye Global from a buy rating to a neutral rating in a report on Monday, August 5th. JPMorgan Chase & Co. cut Mobileye Global from an overweight rating to a neutral rating and cut their price objective for the company from $38.00 to $24.00 in a research report on Wednesday, July 31st. Hsbc Global Res upgraded Mobileye Global to a strong-buy rating in a research report on Monday, July 15th. Finally, BNP Paribas cut Mobileye Global from an outperform rating to a neutral rating and set a $17.00 price objective for the company. in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $31.60.

Mobileye Global Stock Up 3.9 %

Shares of NASDAQ MBLY opened at $14.04 on Monday. The business’s 50 day moving average price is $21.06 and its 200 day moving average price is $25.93. The firm has a market cap of $11.36 billion, a P/E ratio of -66.86, a P/E/G ratio of 29.75 and a beta of 0.13. Mobileye Global has a 52 week low of $13.16 and a 52 week high of $44.48.

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

Insider Activity at Mobileye Global

In related news, Director Patrick P. Gelsinger purchased 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, with a total value of $99,072.00. Following the completion of the acquisition, the director now owns 139,106 shares in the company, valued at $2,153,360.88. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Amnon Shashua purchased 631,963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick P. Gelsinger bought 6,400 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $15.48 per share, with a total value of $99,072.00. Following the purchase, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Green Alpha Advisors LLC increased its stake in Mobileye Global by 2.6% during the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock worth $630,000 after acquiring an additional 500 shares during the last quarter. Principal Securities Inc. acquired a new stake in Mobileye Global during the fourth quarter worth $28,000. Perigon Wealth Management LLC increased its stake in Mobileye Global by 6.7% during the first quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock worth $341,000 after acquiring an additional 664 shares during the last quarter. National Bank of Canada FI increased its stake in Mobileye Global by 90.0% during the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after acquiring an additional 675 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Mobileye Global by 9.9% during the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after acquiring an additional 774 shares during the last quarter. Institutional investors and hedge funds 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.