Shares of Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report) have earned a consensus rating of “Hold” from the twenty-five research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.7727.
MBLY has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. BNP Paribas Exane lowered their price target on shares of Mobileye Global from $11.50 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their price target on shares of Mobileye Global from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. The Goldman Sachs Group upped their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Mizuho upped their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th.
Check Out Our Latest Report on MBLY
Mobileye Global Stock Down 9.3%
Mobileye Global (NASDAQ:MBLY – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The business had revenue of $558.00 million for the quarter, compared to analysts’ expectations of $519.34 million. During the same period in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. Equities analysts anticipate that Mobileye Global will post -0.07 earnings per share for the current year.
Mobileye Global announced that its Board of Directors has approved a share buyback plan on Thursday, April 23rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Institutional Investors Weigh In On Mobileye Global
A number of large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP grew its stake in Mobileye Global by 131.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after acquiring an additional 2,493,181 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in 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 acquiring an additional 705,400 shares during the last quarter. Engineers Gate Manager LP grew its stake in Mobileye Global by 140.9% in the 4th quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock valued at $37,348,000 after acquiring an additional 2,092,250 shares during the last quarter. DNB Asset Management AS grew its stake in Mobileye Global by 23.1% in the 4th quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock valued at $36,608,000 after acquiring an additional 658,585 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Mobileye Global by 65.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock valued at $43,286,000 after acquiring an additional 1,213,448 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.
Mobileye Global News Roundup
Here are the key news stories impacting Mobileye Global this week:
- Positive Sentiment: Mobileye’s planned U.S. robotaxi launch in 2027 expands its addressable market and gives the company a new path to monetize its autonomous driving technology. Reuters: Mobileye to launch robotaxi business in US in 2027
- Positive Sentiment: Several market reports and analyst commentary suggest the robotaxi announcement helped lift sentiment toward MBLY, with one note even upgrading the stock to Strong Buy on the view that the move could support future earnings revisions. Seeking Alpha: Mobileye: Robotaxi Boosts The Bull Thesis (Rating Upgrade)
- Neutral Sentiment: Mobileye is now positioning itself on both sides of the autonomous vehicle business, which could create strategic optionality but also increases execution complexity. TechCrunch: Mobileye’s US robotaxi launch will put it on both sides of the AV business
- Negative Sentiment: Berenberg downgraded Mobileye to Hold, which may temper enthusiasm after the recent rally and reflects some caution around the stock’s valuation and near-term risk/reward. Yahoo Finance: Berenberg Downgrades Mobileye (MBLY) to Hold
Mobileye Global Company Profile
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.
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