Mobileye Global (NASDAQ:MBLY) Price Target Lowered to $30.00 at Evercore ISI

Mobileye Global (NASDAQ:MBLY - Free Report) had its price target lowered by Evercore ISI from $35.00 to $30.00 in a research note issued to investors on Monday, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other analysts have also recently commented on MBLY. HSBC started coverage on Mobileye Global in a research report on Monday, July 15th. They issued a buy rating and a $33.00 target price on the stock. Mizuho cut shares of Mobileye Global from an outperform rating to a neutral rating and cut their price objective for the company from $30.00 to $13.00 in a research note on Friday. Fox Advisors lowered shares of Mobileye Global from an overweight rating to an equal weight rating in a research report on Thursday, August 1st. UBS Group downgraded shares of Mobileye Global from a buy rating to a neutral rating and dropped their price target for the stock from $20.00 to $14.00 in a research report on Friday, October 4th. Finally, Wolfe Research lowered shares of Mobileye Global from an outperform rating to a peer perform rating in a research note on Thursday, September 5th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $26.60.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded up $0.07 during trading on Monday, reaching $12.96. The stock had a trading volume of 5,660,734 shares, compared to its average volume of 4,840,084. The stock has a market cap of $10.49 billion, a PE ratio of -61.57 and a beta of 0.08. Mobileye Global has a one year low of $10.48 and a one year high of $44.48. The firm's 50 day moving average price is $13.35 and its two-hundred day moving average price is $22.66.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $439.00 million for the quarter, compared to analysts' expectations of $424.34 million. During the same quarter last year, the company earned $0.11 EPS. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. On average, research analysts expect that Mobileye Global will post -0.06 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MBLY. Green Alpha Advisors LLC grew its stake in shares of Mobileye Global by 2.6% in the 1st quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company's stock valued at $630,000 after buying an additional 500 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Mobileye Global by 6.7% during the 1st quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company's stock valued at $341,000 after purchasing an additional 664 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Mobileye Global by 9.9% in the 1st quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company's stock valued at $277,000 after purchasing an additional 774 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Mobileye Global in the first quarter worth $32,000. Finally, B. Riley Wealth Advisors Inc. increased its position in Mobileye Global by 24.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock worth $203,000 after buying an additional 1,248 shares during the last quarter. Hedge funds and other 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.