Mobileye Global (NASDAQ:MBLY) Given New $7.00 Price Target at UBS Group

Mobileye Global (NASDAQ:MBLY – Free Report) had its price objective trimmed by UBS Group from $7.50 to $7.00 in a report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also issued reports on the company. The Goldman Sachs Group reduced their target price on Mobileye Global from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday. Berenberg Bank raised shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Monday, August 17th. Barclays cut Mobileye Global from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $14.00 to $9.00 in a report on Wednesday, September 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobileye Global in a research report on Friday, October 2nd. Finally, Morgan Stanley cut their price target on Mobileye Global from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.71.

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Mobileye Global Price Performance

Shares of MBLY stock opened at $5.96 on Friday. The stock has a market cap of $5.01 billion, a P/E ratio of -1.20, a PEG ratio of 1.82 and a beta of 1.30. Mobileye Global has a 52 week low of $5.76 and a 52 week high of $14.33. The company’s fifty day simple moving average is $7.68 and its two-hundred day simple moving average is $8.55.

Mobileye Global (NASDAQ:MBLY – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mobileye Global had a negative net margin of 201.25% and a positive return on equity of 0.66%. The company had revenue of $492.00 million for the quarter, compared to analyst estimates of $476.78 million. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts anticipate that Mobileye Global will post 0.12 EPS for the current fiscal year.

Insider Activity

In related news, Director Safroadu Yeboah-Amankwah acquired 11,841 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the transaction, the director owned 84,336 shares in the company, valued at $713,482.56. This trade represents a 16.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.00% of the stock is owned by corporate insiders.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP raised its holdings in Mobileye Global by 63.6% in the second quarter. Allworth Financial LP now owns 3,947 shares of the company’s stock valued at $38,000 after buying an additional 1,535 shares during the period. Financial Management Professionals Inc. boosted its position in shares of Mobileye Global by 176.4% in the third quarter. Financial Management Professionals Inc. now owns 4,231 shares of the company’s stock worth $31,000 after buying an additional 2,700 shares during the period. Bogart Wealth LLC grew its position in Mobileye Global by 5,000.0% in the first quarter. Bogart Wealth LLC now owns 5,100 shares of the company’s stock valued at $35,000 after acquiring an additional 5,000 shares in the last quarter. Nykredit A S acquired a new position in shares of Mobileye Global during the second quarter worth $77,000. Finally, PNC Financial Services Group Inc. increased its stake in 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 buying an additional 5,837 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

About Mobileye Global

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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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