Mobileye Global Inc. (NASDAQ:MBLY) Receives $23.20 Average PT from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have earned a consensus rating of "Hold" from the twenty-five research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.05.

A number of research analysts have commented on MBLY shares. The Goldman Sachs Group reduced their price objective on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday. Robert W. Baird boosted their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. UBS Group increased their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Royal Bank of Canada reissued a "sector perform" rating and set a $11.00 target price on shares of Mobileye Global in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $10.00 price target (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th.

Mobileye Global Stock Performance

MBLY traded down $0.11 on Wednesday, reaching $15.92. 3,034,227 shares of the company's stock were exchanged, compared to its average volume of 8,014,436. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The company's 50 day moving average is $17.68 and its 200-day moving average is $15.73. The company has a market cap of $12.91 billion, a price-to-earnings ratio of -4.17, a PEG ratio of 11.32 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. Sell-side analysts forecast that Mobileye Global will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock valued at $186,194,000 after acquiring an additional 4,517,217 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock worth $22,856,000 after purchasing an additional 768,169 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock valued at $20,909,000 after purchasing an additional 957,565 shares during the period. Geode Capital Management LLC grew its stake in Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock worth $19,615,000 after buying an additional 279,082 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Mobileye Global in the fourth quarter worth $12,202,000. Institutional investors own 13.25% of the company's stock.

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.