Mobileye Global Inc. (NASDAQ:MBLY) Receives $18.11 Average Price Target from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been assigned an average rating of “Hold” from the twenty-one analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.2778.

Several research analysts recently commented on MBLY shares. Barclays raised Mobileye Global from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $17.00 to $16.00 in a research note on Monday, January 5th. Zacks Research downgraded Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Mizuho cut their target price on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. JPMorgan Chase & Co. upgraded shares of Mobileye Global from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group lowered their price target on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th.

Mobileye Global Stock Up 0.2%

Shares of MBLY opened at $10.52 on Wednesday. The company has a market cap of $8.56 billion, a P/E ratio of -25.05, a PEG ratio of 2.68 and a beta of 0.57. Mobileye Global has a fifty-two week low of $10.04 and a fifty-two week high of $20.18. The firm’s 50 day moving average price is $11.14 and its 200 day moving average price is $13.29.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. The business had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently bought and sold shares of MBLY. IFP Advisors Inc lifted its holdings in Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after buying an additional 1,495 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the 1st quarter worth about $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in Mobileye Global in the second quarter valued at approximately $31,000. Brown Brothers Harriman & Co. increased its stake in Mobileye Global by 8,500.0% in the third quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock valued at $45,000 after purchasing an additional 3,145 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Mobileye Global by 464.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after purchasing an additional 2,705 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.