Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-three analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.16.
Several equities analysts have commented on the stock. Berenberg Bank upgraded shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Monday, August 17th. Needham & Company LLC restated a “buy” rating and set a $13.00 target price on shares of Mobileye Global in a research report on Friday, July 24th. Piper Sandler raised shares of Mobileye Global from a “neutral” rating to an “overweight” rating and increased their price target for the company from $10.00 to $12.00 in a report on Monday, July 27th. Mizuho reduced their price objective on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, Zacks Research raised Mobileye Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st.
Read Our Latest Stock Report on Mobileye Global
Mobileye Global Price Performance
Mobileye Global (NASDAQ:MBLY – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.13. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The firm had revenue of $508.00 million during the quarter, compared to analyst estimates of $480.51 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Mobileye Global will post 0.11 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of Mobileye Global stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $8.46 per share, with a total value of $100,174.86. Following the completion of the purchase, the director owned 84,336 shares in the company, valued at $713,482.56. The trade was a 16.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank Yeary bought 12,360 shares of the stock in a transaction dated Thursday, July 30th. The stock was purchased at an average price of $7.98 per share, with a total value of $98,632.80. Following the acquisition, the director directly owned 12,360 shares in the company, valued at approximately $98,632.80. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 10.00% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Leonteq Securities AG bought a new stake in Mobileye Global during the fourth quarter valued at about $33,000. Bogart Wealth LLC boosted its holdings in shares of Mobileye Global by 5,000.0% in the 1st quarter. Bogart Wealth LLC now owns 5,100 shares of the company’s stock valued at $35,000 after buying an additional 5,000 shares in the last quarter. Allworth Financial LP grew its position in shares of Mobileye Global by 63.6% in the 2nd quarter. Allworth Financial LP now owns 3,947 shares of the company’s stock worth $38,000 after buying an additional 1,535 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Mobileye Global by 204.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,686 shares of the company’s stock worth $60,000 after acquiring an additional 5,837 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Mobileye Global during the 2nd quarter worth approximately $77,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.
About Mobileye Global
Mobileye Global Inc is a technology company that develops advanced driver-assistance systems (ADAS) and autonomous driving solutions for vehicle manufacturers and mobility providers. Its technologies use computer vision, artificial intelligence, mapping and sensor systems to help vehicles detect road conditions, identify hazards and support safer driving.
The company’s product portfolio includes EyeQ system-on-chip platforms, camera-based safety features such as automatic emergency braking and lane-keeping assistance, and more advanced systems marketed under names including Mobileye SuperVision and Mobileye Drive.
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