Analysts Set Mobileye Global Inc. (NASDAQ:MBLY) PT at $30.81

Mobileye Global Inc. (NASDAQ:MBLY) has earned an average recommendation of “Moderate Buy” from the twenty-five analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $29.10.

Several research firms have recently weighed in on MBLY. Royal Bank of Canada decreased their price objective on shares of Mobileye Global from $34.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Wolfe Research downgraded Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. The Goldman Sachs Group dropped their price objective on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 target price on shares of Mobileye Global in a research note on Tuesday, September 10th. Finally, Morgan Stanley raised Mobileye Global from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $25.00 to $18.00 in a research note on Friday, August 2nd.

Insider Buying and Selling at Mobileye Global

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $28,000. Wells Fargo & Company MN increased its position in Mobileye Global by 15.2% in the fourth quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock worth $11,430,000 after buying an additional 34,763 shares during the last quarter. US Bancorp DE raised its stake in shares of Mobileye Global by 55.5% in the fourth quarter. US Bancorp DE now owns 70,186 shares of the company’s stock valued at $3,040,000 after buying an additional 25,061 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Mobileye Global by 41.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,706 shares of the company’s stock valued at $680,000 after buying an additional 4,585 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Mobileye Global by 59.2% during the 4th quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock worth $6,068,000 after acquiring an additional 52,088 shares during the period. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $13.28 on Thursday. The firm has a market cap of $10.75 billion, a PE ratio of -63.24 and a beta of 0.08. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48. The firm’s fifty day moving average is $14.33 and its 200-day moving average is $23.61.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share (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 company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. Sell-side analysts forecast that Mobileye Global will post -0.06 EPS for the current year.

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.