Mobileye Global Inc. (NASDAQ:MBLY) Given Average Rating of "Hold" by Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twenty-five analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $25.55.

MBLY has been the topic of several recent research reports. Needham & Company LLC lowered their target price on shares of Mobileye Global from $36.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Hsbc Global Res raised shares of Mobileye Global to a "strong-buy" rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. Fox Advisors cut shares of Mobileye Global from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 1st. Finally, Evercore ISI decreased their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, October 14th.

Insider Transactions at Mobileye Global

In other Mobileye Global news, CEO Amnon Shashua purchased 631,963 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mobileye Global news, CEO Amnon Shashua purchased 631,963 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick P. Gelsinger bought 6,400 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the acquisition, the director now owns 139,106 shares of the company's stock, valued at $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Mobileye Global in the first quarter valued at $1,294,000. AXA S.A. raised its holdings in shares of Mobileye Global by 35.6% during the second quarter. AXA S.A. now owns 518,076 shares of the company's stock valued at $14,550,000 after purchasing an additional 135,967 shares during the period. Raymond James & Associates raised its holdings in shares of Mobileye Global by 258.7% during the second quarter. Raymond James & Associates now owns 336,417 shares of the company's stock valued at $9,448,000 after purchasing an additional 242,640 shares during the period. M&G Plc raised its holdings in shares of Mobileye Global by 8.9% during the second quarter. M&G Plc now owns 1,350,945 shares of the company's stock valued at $37,826,000 after purchasing an additional 110,032 shares during the period. Finally, Tobam acquired a new position in shares of Mobileye Global during the first quarter valued at about $7,168,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Trading Up 3.1 %

MBLY stock traded up $0.40 during mid-day trading on Monday, hitting $13.19. 3,774,743 shares of the company were exchanged, compared to its average volume of 4,861,771. The business has a 50 day simple moving average of $13.07 and a 200-day simple moving average of $21.96. The stock has a market capitalization of $10.67 billion, a PE ratio of -62.57 and a beta of 0.08. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $44.48.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same period last year, the business posted $0.11 earnings per share. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts expect that Mobileye Global will post -0.06 earnings per share for the current year.

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.