Mobileye Global Inc. (NASDAQ:MBLY) Given Consensus Rating of “Moderate Buy” by Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has been given a consensus rating of “Moderate Buy” by the twenty-five analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.60.

A number of analysts have recently issued reports on MBLY shares. JPMorgan Chase & Co. lowered Mobileye Global from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $24.00 in a research report on Wednesday, July 31st. Evercore ISI restated an “outperform” rating and set a $35.00 price objective on shares of Mobileye Global in a report on Monday, August 26th. Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Daiwa America lowered shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Daiwa Capital Markets downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $15.48 per share, with a total value of $99,072.00. Following the acquisition, the director now directly owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Amnon Shashua purchased 631,963 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the transaction, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick P. Gelsinger acquired 6,400 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $15.48 per share, with a total value of $99,072.00. Following the completion of the acquisition, the director now directly owns 139,106 shares of the company’s stock, valued at $2,153,360.88. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Mobileye Global by 344.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,929 shares of the company’s stock valued at $170,000 after purchasing an additional 3,045 shares during the period. Natixis Advisors L.P. grew its holdings in Mobileye Global by 11.4% during the fourth quarter. Natixis Advisors L.P. now owns 97,564 shares of the company’s stock worth $4,226,000 after acquiring an additional 10,017 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Mobileye Global by 60.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,705 shares of the company’s stock worth $117,000 after acquiring an additional 1,023 shares in the last quarter. National Bank of Canada FI lifted its holdings in Mobileye Global by 90.0% in the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock valued at $59,000 after acquiring an additional 675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Mobileye Global by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 422,384 shares of the company’s stock valued at $18,298,000 after acquiring an additional 11,617 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Stock Performance

Mobileye Global stock opened at $11.55 on Friday. The firm has a market capitalization of $9.35 billion, a PE ratio of -55.00 and a beta of 0.08. Mobileye Global has a one year low of $11.45 and a one year high of $44.48. The stock’s 50 day moving average price is $19.38 and its 200 day moving average price is $25.40.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. On average, analysts forecast that Mobileye Global will post -0.07 earnings per share for the current fiscal year.

About Mobileye Global

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.