Mobileye Global Inc. (NASDAQ:MBLY) Stock Has Consensus Target Price of $12.16 According to Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has been given a consensus recommendation of “Moderate Buy” by the twenty-three analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.16.

Several brokerages recently issued reports on MBLY. JPMorgan Chase & Co. cut their price target on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Tigress Financial decreased their price objective on shares of Mobileye Global from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Canaccord Genuity Group dropped their price objective on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, July 24th. Weiss Ratings upgraded shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. Finally, TD Cowen reduced their target price on Mobileye Global from $11.50 to $9.00 and set a “buy” rating on the stock in a report on Friday, July 24th.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $8.03 on Monday. The business’s fifty day moving average price is $8.40 and its two-hundred day moving average price is $8.62. Mobileye Global has a fifty-two week low of $6.47 and a fifty-two week high of $15.81. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of -1.61, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22.

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

Insider Buying and Selling at Mobileye Global

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. Engineers Gate Manager LP increased its position in Mobileye Global by 140.9% in the 4th quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock valued at $37,348,000 after acquiring an additional 2,092,250 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Mobileye Global by 24.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock valued at $24,634,000 after purchasing an additional 705,400 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Mobileye Global in the second quarter valued at approximately $23,423,000. Pacer Advisors Inc. acquired a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $15,290,000. Finally, Bank of America Corp DE raised its position in Mobileye Global by 5.8% in the 1st quarter. Bank of America Corp DE now owns 2,036,548 shares of the company’s stock worth $13,991,000 after purchasing an additional 111,215 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Company Profile

Mobileye Global Inc is a technology company that develops advanced driver-assistance systems (ADAS) and autonomous driving solutions for vehicle manufacturers and mobility providers. Its technologies use computer vision, artificial intelligence, mapping and sensor systems to help vehicles detect road conditions, identify hazards and support safer driving.

The company’s product portfolio includes EyeQ system-on-chip platforms, camera-based safety features such as automatic emergency braking and lane-keeping assistance, and more advanced systems marketed under names including Mobileye SuperVision and Mobileye Drive.