Mobileye Global (NASDAQ:MBLY) Given New $16.00 Price Target at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY) had its price objective decreased by stock analysts at The Goldman Sachs Group from $19.00 to $16.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 12.95% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Mobileye Global from $18.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. UBS Group increased their price objective on Mobileye Global from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Canaccord Genuity Group lifted their target price on Mobileye Global from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Mizuho dropped their target price on Mobileye Global from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Finally, Bank of America reduced their price target on shares of Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.53.

Mobileye Global Price Performance

NASDAQ MBLY traded up $0.32 during trading on Monday, hitting $14.17. The company’s stock had a trading volume of 3,435,217 shares, compared to its average volume of 5,351,350. Mobileye Global has a fifty-two week low of $11.12 and a fifty-two week high of $22.51. The company has a market cap of $11.55 billion, a PE ratio of -3.87, a P/E/G ratio of 8.71 and a beta of 0.52. The business’s 50 day simple moving average is $14.27 and its 200-day simple moving average is $15.08.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $466.42 million. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. Mobileye Global’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. Analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Corp Intel sold 63,731,985 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the sale, the insider directly owned 50,000,000 shares of the company’s stock, valued at approximately $802,500,000. This represents a 56.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds have recently modified their holdings of MBLY. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Mobileye Global in the 2nd quarter valued at about $31,000. Rhumbline Advisers purchased a new position in Mobileye Global during the first quarter worth approximately $27,000. Tower Research Capital LLC TRC grew its holdings in Mobileye Global by 464.0% in the second 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. KBC Group NV purchased a new stake in shares of Mobileye Global in the second quarter valued at approximately $65,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Mobileye Global by 1,799.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company’s stock valued at $84,000 after buying an additional 5,543 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other 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.