Analysts Set Mobileye Global Inc. (NASDAQ:MBLY) PT at $25.55

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given a consensus recommendation of “Hold” by the twenty-five brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $25.55.

MBLY has been the subject of a number of research analyst reports. Mizuho cut Mobileye Global from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $13.00 in a report on Friday, October 11th. Needham & Company LLC decreased their price objective on Mobileye Global from $36.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. The Goldman Sachs Group dropped their target price on Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. Finally, Hsbc Global Res raised shares of Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th.

Insider Activity at Mobileye Global

In other news, CEO Amnon Shashua bought 631,963 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the acquisition, the chief executive officer now directly owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mobileye Global news, CEO Amnon Shashua bought 631,963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired 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 directly owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick P. Gelsinger purchased 6,400 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $15.48 per share, with a total value of $99,072.00. Following the completion of the transaction, the director now owns 139,106 shares in the company, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its position in shares of Mobileye Global by 89.8% during 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 during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Mobileye Global by 807.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock worth $254,832,000 after purchasing an additional 8,073,552 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Mobileye Global by 20.9% in the 1st quarter. DAVENPORT & Co LLC now owns 2,364,377 shares of the company’s stock worth $76,519,000 after purchasing an additional 408,038 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Mobileye Global by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,347,269 shares of the company’s stock valued at $65,923,000 after purchasing an additional 94,946 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Mobileye Global by 5,308.1% during the first quarter. 1832 Asset Management L.P. now owns 2,206,500 shares of the company’s stock worth $70,939,000 after buying an additional 2,165,700 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Trading Up 1.3 %

MBLY opened at $12.67 on Monday. The stock’s fifty day simple moving average is $12.91 and its 200 day simple moving average is $21.30. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $44.48. The stock has a market cap of $10.25 billion, a PE ratio of -60.33 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts forecast that Mobileye Global will post -0.06 earnings per share for the current 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.