Mobileye Global (NASDAQ:MBLY) Lifted to Outperform at Wolfe Research

Wolfe Research upgraded shares of Mobileye Global (NASDAQ:MBLY) from a peer perform rating to an outperform rating in a research note published on Friday morning, MarketBeat Ratings reports. The brokerage currently has $41.00 target price on the stock.

Several other research analysts have also issued reports on the stock. Piper Sandler started coverage on shares of Mobileye Global in a research note on Friday, March 15th. They issued a neutral rating and a $31.00 target price on the stock. Raymond James reduced their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Barclays reduced their price objective on shares of Mobileye Global from $46.00 to $43.00 and set an overweight rating on the stock in a research note on Friday, January 26th. TD Cowen reduced their price objective on shares of Mobileye Global from $38.00 to $35.00 and set an outperform rating on the stock in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mobileye Global has an average rating of Moderate Buy and a consensus target price of $43.91.

Mobileye Global Trading Down 1.2 %

Shares of NASDAQ MBLY opened at $31.35 on Friday. The firm has a market capitalization of $25.28 billion, a PE ratio of -783.55, a price-to-earnings-growth ratio of 15.64 and a beta of -0.22. Mobileye Global has a 1 year low of $23.49 and a 1 year high of $47.41. The firm’s 50-day moving average is $28.55 and its 200-day moving average is $33.95.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $637.00 million for the quarter, compared to analyst estimates of $637.53 million. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. As a group, equities research analysts anticipate that Mobileye Global will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Patrick P. Gelsinger bought 3,600 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the acquisition, the director now owns 129,095 shares in the company, valued at $3,582,386.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. TrueMark Investments LLC boosted its stake in shares of Mobileye Global by 13.5% in the first quarter. TrueMark Investments LLC now owns 43,543 shares of the company’s stock valued at $1,400,000 after buying an additional 5,187 shares during the period. Richelieu Gestion SA lifted its position in shares of Mobileye Global by 11.7% during the 1st quarter. Richelieu Gestion SA now owns 83,636 shares of the company’s stock valued at $2,689,000 after acquiring an additional 8,759 shares during the period. Washington Capital Management Inc. acquired a new stake in shares of Mobileye Global during the 1st quarter worth $402,000. Park Avenue Securities LLC bought a new position in shares of Mobileye Global in the first quarter worth $516,000. Finally, Polianta Ltd bought a new position in shares of Mobileye Global in the first quarter worth $1,292,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.