Mobileye Global (NASDAQ:MBLY) Stock Bumped Down to Hold by Zacks Research

Mobileye Global (NASDAQ:MBLY – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other research firms also recently commented on MBLY. Royal Bank Of Canada restated an “underperform” rating and issued a $5.00 price objective (down from $7.00) on shares of Mobileye Global in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobileye Global in a research report on Friday, October 2nd. Morgan Stanley reduced their target price on shares of Mobileye Global from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. UBS Group decreased their target price on shares of Mobileye Global from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Finally, Piper Sandler raised shares of Mobileye Global from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.08.

Check Out Our Latest Stock Report on Mobileye Global

Mobileye Global Price Performance

Shares of MBLY stock opened at $7.02 on Tuesday. Mobileye Global has a fifty-two week low of $6.47 and a fifty-two week high of $14.91. The stock’s 50-day moving average is $8.00 and its two-hundred day moving average is $8.60. The firm has a market cap of $5.90 billion, a P/E ratio of -1.41, a PEG ratio of 2.36 and a beta of 1.25.

Mobileye Global (NASDAQ:MBLY – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.13. The business had revenue of $508.00 million during the quarter, compared to analyst estimates of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS. As a group, research analysts expect that Mobileye Global will post 0.11 EPS for the current year.

Insider Transactions at Mobileye Global

In related news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of Mobileye Global stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $8.46 per share, with a total value of $100,174.86. Following the completion of the transaction, the director directly owned 84,336 shares of the company’s stock, valued at approximately $713,482.56. This represents a 16.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Yeary acquired 12,360 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was bought at an average cost of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the purchase, the director directly owned 12,360 shares in the company, valued at $98,632.80. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 10.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Mobileye Global by 24.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock valued at $24,634,000 after purchasing an additional 705,400 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Mobileye Global by 6.9% in the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock worth $19,112,000 after buying an additional 166,392 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Mobileye Global by 5.8% in the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company’s stock worth $13,991,000 after buying an additional 111,215 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Mobileye Global during the 3rd quarter worth $9,074,000. Finally, First Trust Advisors LP boosted its holdings in shares of Mobileye Global by 27.7% during the 1st quarter. First Trust Advisors LP now owns 1,152,499 shares of the company’s stock worth $7,918,000 after buying an additional 249,921 shares during the period. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Company Profile

(Get Free Report)

Mobileye Global Inc (NASDAQ:MBLY) develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.

Further Reading

Analyst Recommendations for Mobileye Global (NASDAQ:MBLY)

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