Equities researchers at Citigroup began coverage on shares of Mobileye Global (NASDAQ:MBLY – Get Free Report) in a research report issued to clients and investors on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $11.00 price target on the stock. Citigroup’s price objective indicates a potential upside of 48.05% from the company’s current price.
MBLY has been the subject of several other reports. Zacks Research raised shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. Morgan Stanley cut their price target on Mobileye Global from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday. TD Cowen reduced their price target on Mobileye Global from $11.50 to $9.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. reduced their price target on Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, Berenberg Bank raised shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.23.
View Our Latest Stock Report on MBLY
Mobileye Global Price Performance
Mobileye Global stock opened at $7.43 on Friday. The stock has a market capitalization of $6.24 billion, a P/E ratio of -1.49, a P/E/G ratio of 2.35 and a beta of 1.25. Mobileye Global has a 12-month low of $6.47 and a 12-month high of $15.44. The firm’s 50-day moving average is $8.13 and its two-hundred day moving average is $8.60.
Mobileye Global (NASDAQ:MBLY – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 negative net margin of 201.49% and a positive return on equity of 0.70%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.08) earnings per share. As a group, analysts forecast that Mobileye Global will post 0.11 EPS for the current year.
Insider Buying and Selling
In other news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was bought 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. The trade was a 16.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank 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, with a total value of $98,632.80. Following the acquisition, the director owned 12,360 shares of the company’s stock, valued at $98,632.80. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 10.00% of the company’s stock.
Institutional Trading of Mobileye Global
Large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in shares of Mobileye Global by 6.9% during the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock valued at $19,112,000 after buying an additional 166,392 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Mobileye Global by 665.2% in the third quarter. Farther Finance Advisors LLC now owns 11,386 shares of the company’s stock worth $84,000 after purchasing an additional 9,898 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Mobileye Global by 17.8% during the second quarter. Tidal Investments LLC now owns 159,149 shares of the company’s stock valued at $1,541,000 after purchasing an additional 24,088 shares during the period. WINTON GROUP Ltd increased its holdings in shares of Mobileye Global by 185.7% during the second quarter. WINTON GROUP Ltd now owns 147,700 shares of the company’s stock valued at $1,430,000 after purchasing an additional 96,000 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Mobileye Global by 11.0% during the second quarter. Integrated Wealth Concepts LLC now owns 17,421 shares of the company’s stock valued at $169,000 after purchasing an additional 1,732 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.
Mobileye Global Company Profile
Mobileye Global Inc is a technology company focused on advanced driver-assistance systems (ADAS) and autonomous driving. Its technologies are designed to help improve road safety and support automated driving through computer vision, artificial intelligence, sensor fusion and mapping.
The company develops and supplies products for automakers and mobility providers, including EyeQ system-on-chips, camera-based driver-assistance features, SuperVision hands-free driving technology, and autonomous driving platforms.
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