Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Rating of “Hold” from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have earned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.2778.

A number of research analysts recently issued reports on MBLY shares. Evercore ISI decreased their price target on shares of Mobileye Global from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Morgan Stanley decreased their price objective on shares of Mobileye Global from $17.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th. Barclays raised Mobileye Global from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $17.00 to $16.00 in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft raised Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Monday, October 6th. Finally, UBS Group dropped their price objective on Mobileye Global from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th.

Institutional Trading of Mobileye Global

Several institutional investors have recently modified their holdings of the stock. IFP Advisors Inc grew its position in shares of Mobileye Global by 465.7% in the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after buying an additional 1,495 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Mobileye Global during the first quarter worth about $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Mobileye Global during the second quarter worth about $31,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Mobileye Global by 8,500.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock valued at $45,000 after purchasing an additional 3,145 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Mobileye Global by 464.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after purchasing an additional 2,705 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

MBLY opened at $10.50 on Wednesday. The business has a fifty day moving average price of $11.24 and a 200 day moving average price of $13.41. Mobileye Global has a 12 month low of $10.04 and a 12 month high of $20.18. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of -25.00, a PEG ratio of 2.68 and a beta of 0.57.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The business had revenue of $504.00 million during the quarter, compared to analysts’ expectations of $479.93 million. During the same quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.