BNP Paribas Exane Has Lowered Expectations for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLY) had its price objective decreased by research analysts at BNP Paribas Exane from $7.50 to $6.50 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. BNP Paribas Exane‘s price target points to a potential upside of 12.95% from the stock’s previous close.

MBLY has been the topic of a number of other research reports. Berenberg Bank upgraded Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Monday, August 17th. TD Cowen lowered shares of Mobileye Global from a “buy” rating to a “hold” rating and reduced their price target for the stock from $8.00 to $7.00 in a research report on Friday. Zacks Research cut shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. The Goldman Sachs Group dropped their price objective on shares of Mobileye Global from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Mobileye Global from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.54.

Mobileye Global Stock Performance

NASDAQ:MBLY traded down $0.20 during midday trading on Monday, reaching $5.75. 2,847,861 shares of the stock traded hands, compared to its average volume of 6,935,039. The stock has a market capitalization of $4.83 billion, a PE ratio of -1.16, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. Mobileye Global has a 12-month low of $5.76 and a 12-month high of $14.33. The business has a 50-day moving average of $7.68 and a two-hundred day moving average of $8.55.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Mobileye Global had a positive return on equity of 0.66% and a negative net margin of 201.25%. The firm had revenue of $492.00 million during the quarter, compared to analyst estimates of $476.78 million. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts anticipate that Mobileye Global will post 0.12 earnings per share for the current year.

Insider Transactions at Mobileye Global

In other news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of Mobileye Global stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of $8.46 per share, with a total value of $100,174.86. Following the completion of the acquisition, 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. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.00% of the stock is currently owned by insiders.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Mobileye Global in the third quarter worth approximately $396,000. State of Wyoming increased its stake in Mobileye Global by 1,318.9% during the 3rd quarter. State of Wyoming now owns 33,316 shares of the company’s stock worth $246,000 after buying an additional 30,968 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Mobileye Global by 586.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 73,500 shares of the company’s stock valued at $543,000 after acquiring an additional 62,800 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new position in Mobileye Global during the 3rd quarter worth $137,000. Finally, Financial Management Professionals Inc. grew its stake in Mobileye Global by 176.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 4,231 shares of the company’s stock worth $31,000 after purchasing an additional 2,700 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

About Mobileye Global

Mobileye Global Inc (NASDAQ:MBLY) develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.