Mobileye NV (NYSE:MBLY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

According to Zacks, “Mobileye N.V. engages in designing and developing software and related technologies for camera-based advanced driver assistance systems. The company offers software algorithms and EyeQ chips that perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris, and other obstacles; and detect roadway markings, such as lanes, road boundaries, barriers, and related items, as well as identify and read traffic signs and traffic lights. Mobileye N.V. is headquartered in Jerusalem, Israel. “

A number of other research firms also recently weighed in on MBLY. Vetr downgraded shares of Mobileye NV from a “strong-buy” rating to a “buy” rating and set a $46.15 price target on the stock. in a report on Thursday, September 29th. Piper Jaffray Cos. set a $60.00 price target on shares of Mobileye NV and gave the company a “buy” rating in a report on Thursday, October 20th. SunTrust Banks Inc. started coverage on shares of Mobileye NV in a report on Tuesday, September 20th. They set a “buy” rating and a $63.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $53.00 price target on shares of Mobileye NV in a report on Wednesday, July 27th. Finally, Dougherty & Co upgraded shares of Mobileye NV from a “neutral” rating to a “buy” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $53.46.

Analyst Recommendations for Mobileye NV (NYSE:MBLY)

Shares of Mobileye NV (NYSE:MBLY) opened at 39.30 on Friday. Mobileye NV has a one year low of $23.57 and a one year high of $51.15. The firm has a market capitalization of $8.62 billion, a P/E ratio of 100.77 and a beta of 0.96. The company has a 50-day moving average price of $38.45 and a 200 day moving average price of $41.95.

Mobileye NV (NYSE:MBLY) last issued its earnings results on Tuesday, November 15th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company earned $94.90 million during the quarter, compared to analyst estimates of $89.51 million. Mobileye NV had a net margin of 29.07% and a return on equity of 16.36%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. Analysts expect that Mobileye NV will post $0.71 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC purchased a new position in Mobileye NV during the third quarter worth approximately $200,000. BlueMountain Capital Management LLC purchased a new position in Mobileye NV during the first quarter worth approximately $63,684,000. First Republic Investment Management Inc. raised its position in Mobileye NV by 76.3% in the first quarter. First Republic Investment Management Inc. now owns 18,291 shares of the company’s stock worth $682,000 after buying an additional 7,919 shares during the period. Squarepoint Ops LLC purchased a new position in Mobileye NV during the first quarter worth approximately $571,000. Finally, LPL Financial LLC raised its position in Mobileye NV by 6.7% in the first quarter. LPL Financial LLC now owns 58,576 shares of the company’s stock worth $2,151,000 after buying an additional 3,682 shares during the period. Hedge funds and other institutional investors own 80.29% of the company’s stock.

Mobileye NV Company Profile

Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and aftermarket (AM).

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