Mobileye Global (NASDAQ:MBLY) Given New $10.00 Price Target at UBS Group

Mobileye Global (NASDAQ:MBLYGet Free Report) had its price target hoisted by equities research analysts at UBS Group from $9.00 to $10.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 7.93% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research report on Wednesday, January 28th. Barclays dropped their price target on shares of Mobileye Global from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Needham & Company LLC decreased their price target on shares of Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Finally, Arete Research downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price target on the stock. in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.55.

View Our Latest Research Report on Mobileye Global

Mobileye Global Stock Performance

Shares of MBLY traded up $0.57 on Friday, reaching $9.27. The stock had a trading volume of 5,126,994 shares, compared to its average volume of 8,129,590. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of -18.85 and a beta of 0.75. The company has a 50-day simple moving average of $7.92 and a 200-day simple moving average of $10.35. Mobileye Global has a 12-month low of $6.47 and a 12-month high of $20.18.

Mobileye Global (NASDAQ:MBLYGet Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The company had revenue of $558.00 million for the quarter, compared to the consensus estimate of $519.34 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, analysts expect that Mobileye Global will post -0.03 EPS for the current fiscal year.

Mobileye Global declared that its board has authorized a stock repurchase program on Thursday, April 23rd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in shares of Mobileye Global by 465.7% in the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after acquiring an additional 1,495 shares during the period. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the 1st quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Mobileye Global in the 2nd quarter valued at $31,000. Financial Management Professionals Inc. purchased a new stake in shares of Mobileye Global during the 4th quarter valued at $32,000. Finally, Leonteq Securities AG purchased a new stake in Mobileye Global in the 4th quarter worth about $33,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Mobileye Global

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

About Mobileye Global

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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.

Further Reading

Analyst Recommendations for Mobileye Global (NASDAQ:MBLY)

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