Mizuho Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $15.00

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target cut by equities researchers at Mizuho from $16.00 to $15.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's price objective would suggest a potential downside of 0.66% from the company's current price.

A number of other research firms have also recently issued reports on MBLY. Piper Sandler lifted their price objective on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Oppenheimer began coverage on Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target for the company. Barclays restated an "equal weight" rating and issued a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price for the company in a research note on Wednesday, April 23rd. Finally, Needham & Company LLC dropped their price target on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Mobileye Global has a consensus rating of "Hold" and an average price target of $20.35.

Mobileye Global Trading Down 0.3 %

NASDAQ MBLY traded down $0.04 during trading on Friday, reaching $15.10. 2,651,553 shares of the company's stock were exchanged, compared to its average volume of 5,449,282. The firm has a market capitalization of $12.25 billion, a PE ratio of -3.95, a P/E/G ratio of 69.54 and a beta of 0.39. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $33.26. The company's fifty day simple moving average is $14.51 and its 200-day simple moving average is $15.93.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The firm's revenue was up 83.3% on a year-over-year basis. Equities analysts forecast that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in Mobileye Global by 4.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock valued at $283,101,000 after acquiring an additional 621,062 shares during the period. Norges Bank acquired a new stake in shares of Mobileye Global during the 4th quarter worth approximately $95,937,000. DAVENPORT & Co LLC increased its position in shares of Mobileye Global by 7.6% during the first quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company's stock valued at $34,111,000 after purchasing an additional 167,333 shares during the period. Primecap Management Co. CA raised its stake in shares of Mobileye Global by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock valued at $35,944,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Mobileye Global by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock worth $34,181,000 after purchasing an additional 45,756 shares during the period. Institutional investors and hedge funds 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.