Mobileye Global (NASDAQ:MBLY) Upgraded at Zacks Research

Mobileye Global (NASDAQ:MBLY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Several other equities research analysts also recently commented on MBLY. Mizuho dropped their target price on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Piper Sandler upgraded Mobileye Global from a “neutral” rating to an “overweight” rating and raised their price target for the company from $10.00 to $12.00 in a report on Monday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Mobileye Global in a research report on Friday, July 24th. TD Cowen dropped their price target on shares of Mobileye Global from $11.50 to $9.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Weiss Ratings raised shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.16.

Mobileye Global Stock Down 3.9%

Shares of MBLY opened at $7.68 on Monday. The business’s 50 day moving average price is $8.49 and its 200-day moving average price is $8.63. Mobileye Global has a 52 week low of $6.47 and a 52 week high of $15.81. The stock has a market cap of $6.45 billion, a P/E ratio of -1.54, a P/E/G ratio of 2.62 and a beta of 1.22.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $480.51 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts anticipate that Mobileye Global will post 0.11 EPS for the current year.

Insider Buying and Selling at Mobileye Global

In other news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the 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 acquisition, the director owned 84,336 shares in the company, valued at $713,482.56. The trade was a 16.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank D. Yeary bought 12,360 shares of the stock in a transaction on Thursday, July 30th. The stock was purchased at an average cost of $7.98 per share, for a total transaction of $98,632.80. Following the acquisition, the director owned 12,360 shares of the company’s stock, valued at $98,632.80. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in shares of Mobileye Global by 63.6% in the 2nd quarter. Allworth Financial LP now owns 3,947 shares of the company’s stock worth $38,000 after buying an additional 1,535 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Mobileye Global by 11.0% during the second quarter. Integrated Wealth Concepts LLC now owns 17,421 shares of the company’s stock valued at $169,000 after buying an additional 1,732 shares during the period. Triumph Capital Management increased its stake in shares of Mobileye Global by 7.1% during the second quarter. Triumph Capital Management now owns 30,988 shares of the company’s stock valued at $300,000 after buying an additional 2,062 shares during the period. Cetera Investment Advisers increased its stake in shares of Mobileye Global by 15.3% during the first quarter. Cetera Investment Advisers now owns 17,267 shares of the company’s stock valued at $119,000 after buying an additional 2,286 shares during the period. Finally, Leonteq Securities AG bought a new stake in shares of Mobileye Global in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.