StockNews.com Upgrades Mobileye Global (NASDAQ:MBLY) to “Sell”

StockNews.com upgraded shares of Mobileye Global (NASDAQ:MBLY) to a sell rating in a research report report published on Tuesday.

Several other analysts have also recently weighed in on MBLY. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $19.00 in a research report on Monday, February 10th. The Goldman Sachs Group dropped their price target on Mobileye Global from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Mizuho decreased their price objective on Mobileye Global from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Oppenheimer started coverage on Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, Needham & Company LLC decreased their price target on shares of Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and a consensus price target of $18.63.

Mobileye Global Price Performance

MBLY opened at $14.92 on Tuesday. Mobileye Global has a one year low of $10.48 and a one year high of $33.26. The company has a fifty day moving average price of $14.46 and a 200-day moving average price of $15.92. The firm has a market capitalization of $12.10 billion, a P/E ratio of -3.91, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The company’s revenue for the quarter was up 83.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) EPS. On average, analysts expect that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MBLY. Parkside Financial Bank & Trust boosted its stake in shares of Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in Mobileye Global by 4.6% in the first quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company’s stock worth $301,000 after buying an additional 914 shares during the period. Global Retirement Partners LLC boosted its position in Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after acquiring an additional 932 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the period. Finally, Daymark Wealth Partners LLC boosted its position in shares of Mobileye Global by 10.9% during the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after purchasing an additional 1,147 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.

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.