Brokerages Set Mobileye Global Inc. (NASDAQ:MBLY) Target Price at $19.21

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been assigned an average rating of “Hold” from the twenty-four research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.26.

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Mobileye Global to a “sell” rating in a research report on Tuesday, April 29th. Mizuho dropped their target price on Mobileye Global from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday. UBS Group increased their target price on Mobileye Global from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. TD Cowen dropped their target price on Mobileye Global from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Barclays increased their target price on Mobileye Global from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th.

Insiders Place Their Bets

In related news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the completion of the transaction, the executive vice president owned 107,853 shares in the company, valued at $1,735,354.77. This trade represents a 38.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Corp Intel sold 63,731,985 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the completion of the transaction, the insider owned 50,000,000 shares of the company’s stock, valued at $802,500,000. This trade represents a 56.04% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Slow Capital Inc. raised its stake in shares of Mobileye Global by 4.4% during the 2nd quarter. Slow Capital Inc. now owns 234,565 shares of the company’s stock worth $4,217,000 after purchasing an additional 9,912 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Mobileye Global during the 2nd quarter worth about $372,000. Triumph Capital Management raised its stake in shares of Mobileye Global by 6.7% during the 2nd quarter. Triumph Capital Management now owns 75,840 shares of the company’s stock worth $1,364,000 after purchasing an additional 4,795 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Mobileye Global during the 1st quarter worth about $27,000. Finally, Woodline Partners LP purchased a new stake in shares of Mobileye Global during the 1st quarter worth about $4,711,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Stock Down 3.9%

Shares of MBLY opened at $14.82 on Wednesday. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of -4.06, a PEG ratio of 15.31 and a beta of 0.54. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $22.51. The business’s 50 day moving average is $16.55 and its two-hundred day moving average is $15.76.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $506.00 million for the quarter, compared to analyst estimates of $466.42 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. On average, equities analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

About Mobileye Global

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.