Mobileye Global (NASDAQ:MBLY) Cut to Neutral at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Mobileye Global (NASDAQ:MBLY) from a buy rating to a neutral rating in a report released on Monday, Marketbeat Ratings reports. The Goldman Sachs Group currently has $17.00 price target on the stock.

Several other research analysts also recently weighed in on the stock. BNP Paribas upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 target price for the company in a research note on Wednesday, April 23rd. Barclays restated an “equal weight” rating and issued a $14.00 target price (down from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. Robert W. Baird upped their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. Mizuho decreased their target price on shares of Mobileye Global from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, Needham & Company LLC decreased their target price on shares of Mobileye Global from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average target price of $18.63.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $16.36 on Monday. The company has a market capitalization of $13.28 billion, a P/E ratio of -4.28, a PEG ratio of 69.54 and a beta of 0.48. The company’s fifty day moving average is $14.95 and its two-hundred day moving average is $16.18. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $31.32.

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

Insider Activity

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now directly owns 107,853 shares of the company’s stock, valued at $1,735,354.77. The trade was a 38.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its stake in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after acquiring an additional 737 shares during the period. Rhumbline Advisers bought a new stake in Mobileye Global in the 1st quarter valued at about $27,000. Global Retirement Partners LLC raised its stake in Mobileye Global by 136.9% in 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 during the period. Strategic Investment Solutions Inc. IL bought a new stake in Mobileye Global in the 4th quarter valued at about $40,000. Finally, Ancora Advisors LLC bought a new stake in Mobileye Global in the 4th quarter valued at about $40,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.