Shares of Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report) have earned an average rating of “Hold” from the twenty-five analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.6364.
Several research firms have weighed in on MBLY. Zacks Research raised shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. decreased their price target on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Berenberg Bank downgraded shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price objective for the company. in a research note on Thursday, May 21st. UBS Group dropped their price objective on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Finally, Piper Sandler raised Mobileye Global from a “neutral” rating to an “overweight” rating and upped their target price for the company from $10.00 to $12.00 in a research report on Monday, July 27th.
Read Our Latest Report on Mobileye Global
Mobileye Global Price Performance
Mobileye Global (NASDAQ:MBLY – Get Free Report) last issued its quarterly earnings results 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. 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 revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. On average, analysts expect that Mobileye Global will post 0.11 EPS for the current year.
Mobileye Global declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 23rd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
Insider Activity
In other Mobileye Global news, Director Frank D. Yeary acquired 12,360 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was acquired at an average cost of $7.98 per share, for a total transaction of $98,632.80. Following the purchase, the director owned 12,360 shares in the company, valued at approximately $98,632.80. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Mobileye Global during the 2nd quarter worth approximately $31,000. IFP Advisors Inc grew its position in Mobileye Global by 465.7% during the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after buying an additional 1,495 shares during the period. Rhumbline Advisers purchased a new position in Mobileye Global in the first quarter valued at $27,000. Financial Management Professionals Inc. acquired a new position in shares of Mobileye Global in the fourth quarter worth about $32,000. Finally, Leonteq Securities AG acquired a new stake in shares of Mobileye Global during the 4th quarter valued at about $33,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.
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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