Mobileye Global (NASDAQ:MBLY) Given New $19.00 Price Target at TD Cowen

Mobileye Global (NASDAQ:MBLY) had its price objective upped by TD Cowen from $15.00 to $19.00 in a report issued on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Needham & Company LLC reduced their target price on Mobileye Global from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $14.00 in a research note on Friday, October 4th. Finally, The Goldman Sachs Group decreased their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and a consensus target price of $23.25.

Mobileye Global Price Performance

MBLY traded up $1.96 during midday trading on Friday, reaching $15.57. 17,110,626 shares of the company’s stock were exchanged, compared to its average volume of 4,954,566. The business’s 50-day moving average price is $12.77 and its 200 day moving average price is $20.82. The stock has a market capitalization of $12.60 billion, a PE ratio of -55.61 and a beta of 0.08. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $44.48.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. During the same quarter last year, the business posted $0.11 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, analysts expect that Mobileye Global will post -0.06 EPS for the current fiscal year.

Insider Activity at Mobileye Global

In other news, Director Patrick P. Gelsinger bought 6,400 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the purchase, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. increased its position in shares of Mobileye Global by 9.9% in the 1st quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after purchasing an additional 774 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Mobileye Global by 24.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after buying an additional 1,248 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its position in shares of Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after acquiring an additional 1,257 shares in the last quarter. Levin Capital Strategies L.P. increased its holdings in shares of Mobileye Global by 11.1% in the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock valued at $406,000 after acquiring an additional 1,441 shares during the last quarter. Finally, Lipe & Dalton lifted its stake in Mobileye Global by 53.6% during the first quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock worth $138,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors 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.