Analysts Set Mobileye Global Inc. (NASDAQ:MBLY) Target Price at $12.65

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been assigned an average recommendation of “Hold” from the twenty-five ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.6455.

A number of research firms have recently commented on MBLY. Jefferies Financial Group assumed coverage on shares of Mobileye Global in a report on Monday, May 18th. They set an “underperform” rating and a $8.00 price target on the stock. Royal Bank Of Canada reduced their price target on shares of Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Piper Sandler upgraded shares of Mobileye Global from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $10.00 to $12.00 in a report on Monday, July 27th. Berenberg Bank raised Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Monday, August 17th. Finally, TD Cowen cut their target price on Mobileye Global from $11.50 to $9.00 and set a “buy” rating on the stock in a research note on Friday, July 24th.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, Director Frank D. Yeary purchased 12,360 shares of the stock in a transaction dated Thursday, July 30th. The shares were purchased at an average cost of $7.98 per share, with a total value of $98,632.80. Following the completion of the acquisition, the director directly owned 12,360 shares in the company, valued at $98,632.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Safroadu Yeboah-Amankwah acquired 11,841 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average cost of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the transaction, the director directly owned 84,336 shares of the company’s stock, valued at $713,482.56. The trade was a 16.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 10.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently bought and sold shares of MBLY. NewEdge Advisors LLC grew its stake in shares of Mobileye Global by 10.7% in the first quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock worth $450,000 after acquiring an additional 3,019 shares during the period. Rhumbline Advisers bought a new position in Mobileye Global during the first quarter valued at approximately $27,000. Creative Planning lifted its position in Mobileye Global by 10.2% during the second quarter. Creative Planning now owns 18,316 shares of the company’s stock valued at $329,000 after purchasing an additional 1,693 shares during the period. Cetera Investment Advisers bought a new position in Mobileye Global during the second quarter valued at approximately $351,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Mobileye Global in the second quarter worth approximately $31,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $8.58 on Thursday. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of -1.72, a PEG ratio of 2.82 and a beta of 1.20. The firm’s 50-day moving average is $8.78 and its 200 day moving average is $8.72. Mobileye Global has a 1 year low of $6.47 and a 1 year high of $15.81.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.06 by $0.13. The company had revenue of $508.00 million for the quarter, compared to the consensus estimate of $480.51 million. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. Mobileye Global’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) EPS. On average, equities analysts expect that Mobileye Global will post 0.11 EPS for the current fiscal year.

About Mobileye Global

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.