Mobileye N.V. (MBLY) Downgraded to Hold at BidaskClub
BidaskClub lowered shares of Mobileye N.V. (NYSE:MBLY) from a buy rating to a hold rating in a research note published on Sunday morning.
MBLY has been the subject of a number of other research reports. Jefferies Group LLC reiterated a hold rating and set a $63.54 target price on shares of Mobileye N.V. in a research report on Thursday, July 6th. Vetr upgraded shares of Mobileye N.V. from a sell rating to a hold rating and set a $63.50 target price for the company in a research report on Wednesday, April 26th. Robert W. Baird lowered shares of Mobileye N.V. from an outperform rating to a neutral rating and set a $64.00 target price for the company. in a research report on Thursday, April 20th. Royal Bank Of Canada reiterated a hold rating and set a $63.54 target price on shares of Mobileye N.V. in a research report on Friday, May 19th. Finally, Piper Jaffray Companies lowered shares of Mobileye N.V. from an overweight rating to a neutral rating in a research report on Monday, March 20th. One research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and four have assigned a buy rating to the company’s stock. Mobileye N.V. presently has a consensus rating of Hold and a consensus target price of $56.09.
Mobileye N.V. (NYSE MBLY) traded up 0.44% during mid-day trading on Friday, reaching $63.33. 11,601,258 shares of the company’s stock were exchanged. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 124.18 and a beta of 0.91. The company has a 50-day moving average of $62.21 and a 200-day moving average of $53.09. Mobileye N.V. has a 52-week low of $33.69 and a 52-week high of $63.37.
Mobileye N.V. (NYSE:MBLY) last issued its earnings results on Thursday, June 1st. The software maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $124.70 million during the quarter, compared to analyst estimates of $118.52 million. Mobileye N.V. had a net margin of 29.43% and a return on equity of 17.78%. The company’s quarterly revenue was up 65.8% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. Equities research analysts anticipate that Mobileye N.V. will post $1.05 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in the stock. Creative Planning increased its position in Mobileye N.V. by 332.1% in the first quarter. Creative Planning now owns 33,463 shares of the software maker’s stock valued at $2,055,000 after buying an additional 25,718 shares during the period. Atlas Brown Inc. acquired a new position in Mobileye N.V. during the first quarter valued at approximately $219,000. Highbridge Capital Management LLC increased its position in Mobileye N.V. by 513.6% in the fourth quarter. Highbridge Capital Management LLC now owns 55,886 shares of the software maker’s stock valued at $2,130,000 after buying an additional 46,778 shares during the period. Teachers Advisors LLC increased its position in Mobileye N.V. by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 393,464 shares of the software maker’s stock valued at $14,999,000 after buying an additional 16,064 shares during the period. Finally, HighPoint Advisor Group LLC increased its position in Mobileye N.V. by 5.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 5,450 shares of the software maker’s stock valued at $253,000 after buying an additional 284 shares during the period. 62.32% of the stock is currently owned by institutional investors and hedge funds.
About Mobileye N.V.
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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