Mobileye Global Inc. (NASDAQ:MBLY) Receives $13.70 Consensus PT from Brokerages

Mobileye Global Inc. (NASDAQ:MBLYGet Free Report) has received a consensus recommendation of “Hold” from the twenty-five brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.7727.

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Arete Research cut 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 note on Tuesday, January 27th. Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. 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. 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 Stock Analysis on Mobileye Global

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in Mobileye Global by 5.8% in the 1st 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. Amundi raised its position in Mobileye Global by 89.7% in the 1st quarter. Amundi now owns 35,225 shares of the company’s stock worth $242,000 after buying an additional 16,658 shares during the last quarter. California State Teachers Retirement System raised its position in Mobileye Global by 39.6% in the 1st quarter. California State Teachers Retirement System now owns 194,805 shares of the company’s stock worth $1,338,000 after buying an additional 55,249 shares during the last quarter. Royal Bank of Canada raised its position in Mobileye Global by 129.6% in the 1st quarter. Royal Bank of Canada now owns 224,315 shares of the company’s stock worth $1,541,000 after buying an additional 126,634 shares during the last quarter. Finally, SummitTX Capital L.P. purchased a new position in Mobileye Global in the 1st quarter worth about $381,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $10.18 on Tuesday. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of -2.02 and a beta of 1.06. The firm’s 50-day moving average is $8.28 and its 200 day moving average is $9.62. Mobileye Global has a 1 year low of $6.47 and a 1 year high of $20.18.

Mobileye Global (NASDAQ:MBLYGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $558.00 million for the quarter, compared to analysts’ expectations of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. Mobileye Global’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities analysts expect that Mobileye Global will post -0.07 EPS for the current fiscal year.

Mobileye Global declared that its Board of Directors has authorized a share buyback program on Thursday, April 23rd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Mobileye Global Company Profile

(Get Free Report)

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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Analyst Recommendations for Mobileye Global (NASDAQ:MBLY)

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