Mobileye Global (NASDAQ:MBLY – Get Free Report) had its target price cut by stock analysts at UBS Group from $10.00 to $9.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 11.80% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the stock. TD Cowen cut their price objective on shares of Mobileye Global from $11.50 to $9.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank Of Canada dropped their price target on shares of Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday. Berenberg Bank cut shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price target for the company. in a research note on Thursday, May 21st. Zacks Research upgraded shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.95.
Read Our Latest Research Report on MBLY
Mobileye Global Price Performance
Mobileye Global (NASDAQ:MBLY – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.06 by $0.13. The business had revenue of $508.00 million for 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 company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS. On average, equities analysts anticipate that Mobileye Global will post -0.09 earnings per share for the current year.
Mobileye Global announced that its Board of Directors has initiated a stock repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of MBLY. Two Sigma Investments LP boosted its stake in Mobileye Global by 131.9% during the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock worth $61,898,000 after buying an additional 2,493,181 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of 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 period. Engineers Gate Manager LP lifted its holdings in shares of Mobileye Global by 140.9% in the 4th quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock worth $37,348,000 after acquiring an additional 2,092,250 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of Mobileye Global by 23.1% in the 4th quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock worth $36,608,000 after acquiring an additional 658,585 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Mobileye Global by 65.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock worth $43,286,000 after purchasing an additional 1,213,448 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.
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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