Mobileye Global (NASDAQ:MBLY) Stock Gets Downgrade from Zacks Research

Mobileye Global (NASDAQ:MBLY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other brokerages have also commented on MBLY. Piper Sandler raised Mobileye Global from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $10.00 to $12.00 in a report on Monday, July 27th. Mizuho reduced their target price on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Berenberg Bank upgraded Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Monday, August 17th. Royal Bank Of Canada reissued an “underperform” rating and issued a $5.00 price target (down from $7.00) on shares of Mobileye Global in a research note on Wednesday. Finally, UBS Group cut their price target on shares of Mobileye Global from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.08.

Mobileye Global Stock Down 3.8%

NASDAQ:MBLY opened at $7.02 on Tuesday. Mobileye Global has a 52 week low of $6.47 and a 52 week high of $14.91. The stock has a market capitalization of $5.90 billion, a PE ratio of -1.41, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25. The stock’s 50-day moving average price is $8.00 and its 200-day moving average price is $8.60.

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

Insider Activity at Mobileye Global

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

Institutional Trading of Mobileye Global

Several hedge funds have recently made changes to their positions in MBLY. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Mobileye Global by 24.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock valued at $24,634,000 after buying an additional 705,400 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Mobileye Global by 6.9% in the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock valued at $19,112,000 after acquiring an additional 166,392 shares during the last quarter. Bank of America Corp DE grew its position in Mobileye Global by 5.8% in the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company’s stock worth $13,991,000 after acquiring an additional 111,215 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Mobileye Global in the third quarter worth approximately $9,074,000. Finally, First Trust Advisors LP grew its position in Mobileye Global by 27.7% in the first quarter. First Trust Advisors LP now owns 1,152,499 shares of the company’s stock worth $7,918,000 after acquiring an additional 249,921 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

More Mobileye Global News

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: TD Cowen lowered its price target from $9 to $8 but maintained a Buy rating, implying potential upside from the current level. Mobileye Global Stock Gets Price Target Cut from TD Cowen
• Positive Sentiment: An earnings preview argued that Mobileye could be a worthwhile long-term investment because its valuation is depressed, at approximately 6.39 times projected 2029 earnings and a forward PEG ratio of 0.41. Mobileye: A Worthwhile Bet At This Price
• Neutral Sentiment: Mobileye was mentioned alongside other vehicle-technology stocks as automotive hardware shares weakened, while BlackBerry benefited from a record QNX backlog. The comparison underscores investor preference for software and recurring-revenue businesses over automotive hardware exposure. BlackBerry Jumps as Mobileye Drops
• Negative Sentiment: RBC reaffirmed its Underperform rating and cut its price target from $7 to $5, citing structural headwinds and growth risks. The new target indicates substantial downside from the current share price. Mobileye Global Faces Structural Headwinds
• Negative Sentiment: An earnings preview pointed to guidance for a 5%–6% year-over-year revenue decline in the third quarter and additional gross-margin contraction, reflecting competitive challenges and near-term sales pressure.
• Negative Sentiment: Zacks Research downgraded Mobileye from Strong Buy to Hold, adding to the cautious analyst sentiment.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ:MBLY) develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.