Mobileye Global (NASDAQ:MBLY) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Mobileye Global (NASDAQ:MBLY) had its target price lowered by JPMorgan Chase & Co. from $9.00 to $7.50 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on MBLY. UBS Group dropped their price target on Mobileye Global from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Royal Bank Of Canada cut Mobileye Global from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $7.00 to $5.00 in a research report on Wednesday, October 21st. The Goldman Sachs Group lowered their target price on Mobileye Global from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Canaccord Genuity Group dropped their target price on Mobileye Global from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Finally, Piper Sandler upgraded Mobileye Global from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $12.00 in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.43.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $5.34 on Monday. The company has a market capitalization of $4.49 billion, a P/E ratio of -1.08, a PEG ratio of 1.71 and a beta of 1.30. Mobileye Global has a 1 year low of $5.30 and a 1 year high of $14.33. The company’s fifty day moving average is $7.48 and its two-hundred day moving average is $8.47.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, October 29th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mobileye Global had a negative net margin of 201.25% and a positive return on equity of 0.66%. The business had revenue of $492.00 million during the quarter, compared to analysts’ expectations of $476.78 million. During the same period in the prior year, the company earned $0.09 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts expect that Mobileye Global will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

A number of large investors have recently made changes to their positions in MBLY. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Mobileye Global by 24.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock worth $24,634,000 after acquiring an additional 705,400 shares during the period. Assenagon Asset Management S.A. purchased a new position in Mobileye Global in the 2nd quarter valued at approximately $23,423,000. Bank of America Corp DE raised its holdings in Mobileye Global by 5.8% during the first 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. M&G PLC boosted its position in Mobileye Global by 1.2% during the third quarter. M&G PLC now owns 1,813,282 shares of the company’s stock worth $12,693,000 after purchasing an additional 21,799 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Mobileye Global in the third quarter valued at $9,074,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Company Profile

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.