Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received an average recommendation of “Hold” from the twenty-six research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $22.86.

MBLY has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a research report on Thursday, December 5th. Mizuho cut their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $19.00 in a report on Monday, February 10th. Finally, TD Cowen boosted their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Institutional Investors Weigh In On Mobileye Global

Institutional investors and hedge funds have recently bought and sold shares of the business. BCGM Wealth Management LLC raised its stake in Mobileye Global by 178.0% during the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after acquiring an additional 122,031 shares during the period. Charles Schwab Investment Management Inc. grew its position in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Geode Capital Management LLC grew its position in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after purchasing an additional 279,082 shares during the last quarter. PFG Investments LLC bought a new position in Mobileye Global in the 3rd quarter worth about $635,000. Finally, Paloma Partners Management Co bought a new position in Mobileye Global in the 3rd quarter worth about $2,598,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Down 7.1 %

Shares of Mobileye Global stock opened at $16.51 on Friday. The company has a fifty day moving average price of $17.65 and a 200 day moving average price of $15.54. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of -4.32, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. Analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Mobileye Global Company Profile

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.