Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $40.39.

Several analysts have issued reports on MBLY shares. Barclays reduced their price target on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Mizuho reduced their price target on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 26th. JPMorgan Chase & Co. upped their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup reduced their price target on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Royal Bank of Canada reduced their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th.

Mobileye Global Trading Down 0.9 %

Shares of MBLY opened at $27.56 on Friday. The firm’s 50-day moving average is $30.06 and its two-hundred day moving average is $32.43. Mobileye Global has a twelve month low of $23.49 and a twelve month high of $47.41. The firm has a market capitalization of $22.22 billion, a P/E ratio of -131.23, a PEG ratio of 18.03 and a beta of 0.12.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. The company had revenue of $239.00 million for the quarter, compared to analyst estimates of $226.60 million. Analysts predict that Mobileye Global will post 0.1 EPS for the current year.

Insiders Place Their Bets

In related news, Director Patrick P. Gelsinger purchased 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $28.17 per share, with a total value of $45,381.87. Following the completion of the purchase, the director now directly owns 132,706 shares in the company, valued at approximately $3,738,328.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mobileye Global news, Director Patrick P. Gelsinger acquired 1,611 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $28.17 per share, with a total value of $45,381.87. Following the completion of the transaction, the director now directly owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger acquired 2,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $27.53 per share, with a total value of $55,060.00. Following the transaction, the director now directly owns 131,095 shares of the company’s stock, valued at $3,609,045.35. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mobileye Global

Several large investors have recently made changes to their positions in the business. Baillie Gifford & Co. increased its position in shares of Mobileye Global by 89.8% in the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock worth $513,925,000 after acquiring an additional 7,560,929 shares in the last quarter. Norges Bank acquired a new stake in Mobileye Global during the 4th quarter valued at $437,842,000. Kodai Capital Management LP acquired a new stake in Mobileye Global during the 4th quarter valued at $148,924,000. Wellington Management Group LLP grew its holdings in Mobileye Global by 200.3% during the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after purchasing an additional 2,266,438 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Mobileye Global by 25.8% during the 4th quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock valued at $113,616,000 after purchasing an additional 538,371 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.