Mobileye Global Inc. (NASDAQ:MBLY) Given Average Rating of “Hold” by Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given a consensus recommendation of “Hold” by the twenty research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.5556.

A number of equities analysts have recently issued reports on MBLY shares. UBS Group increased their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Robert W. Baird cut their price target on shares of Mobileye Global from $22.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, September 3rd. Royal Bank Of Canada increased their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “sector perform” rating in a report on Tuesday, July 29th. Barclays increased their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Mobileye Global from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, July 17th.

Mobileye Global Stock Performance

MBLY stock opened at $14.24 on Monday. Mobileye Global has a one year low of $11.12 and a one year high of $22.51. The stock has a market capitalization of $11.61 billion, a PE ratio of -3.90, a price-to-earnings-growth ratio of 8.40 and a beta of 0.52. The company has a fifty day moving average of $14.20 and a 200-day moving average of $15.04.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $466.42 million. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. Equities analysts forecast that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds have recently added to or reduced their stakes in the business. Mystic Asset Management Inc. increased its holdings in Mobileye Global by 3.6% during the 1st quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company’s stock valued at $290,000 after acquiring an additional 700 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Mobileye Global by 4.6% during the first quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company’s stock worth $301,000 after buying an additional 914 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Mobileye Global by 2.5% during the second quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock worth $811,000 after buying an additional 1,090 shares in the last quarter. Country Club Bank grew its holdings in shares of Mobileye Global by 0.8% during the third quarter. Country Club Bank now owns 144,803 shares of the company’s stock worth $2,048,000 after buying an additional 1,188 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Mobileye Global by 10.2% during the second quarter. Creative Planning now owns 18,316 shares of the company’s stock worth $329,000 after buying an additional 1,693 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.