Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-six analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.55.

A number of research analysts recently weighed in on MBLY shares. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Mobileye Global in a report on Wednesday, March 26th. The Goldman Sachs Group decreased their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Robert W. Baird reduced their price objective on Mobileye Global from $25.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday. UBS Group cut their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Oppenheimer started coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price objective for the company.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MBLY. HighTower Advisors LLC raised its stake in Mobileye Global by 141.6% during the third quarter. HighTower Advisors LLC now owns 25,302 shares of the company's stock valued at $345,000 after buying an additional 14,829 shares in the last quarter. Stifel Financial Corp increased its stake in Mobileye Global by 101.8% during the third quarter. Stifel Financial Corp now owns 179,236 shares of the company's stock valued at $2,456,000 after purchasing an additional 90,436 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Mobileye Global by 24.2% in 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. Virtu Financial LLC bought a new stake in shares of Mobileye Global during the 3rd quarter valued at about $229,000. Finally, Sanctuary Advisors LLC bought a new position in Mobileye Global in the third quarter worth about $273,000. 13.25% of the stock is owned by institutional investors and hedge funds.

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Mobileye Global Stock Down 4.6 %

MBLY traded down $0.59 on Monday, reaching $12.35. The company had a trading volume of 3,238,910 shares, compared to its average volume of 5,415,108. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $33.26. The stock has a market capitalization of $10.02 billion, a PE ratio of -3.23, a P/E/G ratio of 69.54 and a beta of 0.39. The stock has a 50-day moving average price of $15.33 and a 200-day moving average price of $15.88.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. As a group, 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.