Mobileye Global (NASDAQ:MBLY) PT Lowered to $19.00 at Barclays

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price objective lowered by equities research analysts at Barclays from $27.00 to $19.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 56.12% from the stock's previous close.

A number of other research firms have also recently issued reports on MBLY. Daiwa Capital Markets cut shares of Mobileye Global from a "buy" rating to a "neutral" rating in a report on Monday, August 5th. Needham & Company LLC decreased their price target on shares of Mobileye Global from $36.00 to $25.00 and set a "buy" rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group decreased their price target on shares of Mobileye Global from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, October 1st. Evercore ISI decreased their price target on shares of Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a report on Monday. Finally, Mizuho cut shares of Mobileye Global from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $30.00 to $13.00 in a report on Friday. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.55.

Mobileye Global Stock Performance

NASDAQ:MBLY traded down $0.79 during midday trading on Tuesday, reaching $12.17. 7,585,668 shares of the stock traded hands, compared to its average volume of 4,853,945. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48. The business has a 50-day moving average of $13.23 and a two-hundred day moving average of $22.38. The stock has a market capitalization of $9.85 billion, a PE ratio of -57.95 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, beating 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 company had revenue of $439.00 million during the quarter, compared to analysts' expectations of $424.34 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Mobileye Global's revenue for the quarter was down 3.3% compared to the same quarter last year. Research analysts anticipate that Mobileye Global will post -0.06 earnings per share for the current year.

Insider Buying and Selling at Mobileye Global

In related news, Director Patrick P. Gelsinger acquired 6,400 shares of the firm's stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $15.48 per share, with a total value of $99,072.00. Following the completion of the acquisition, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Patrick P. Gelsinger acquired 6,400 shares of the firm's stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $15.48 per share, with a total value of $99,072.00. Following the completion of the acquisition, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amnon Shashua acquired 631,963 shares of the firm's stock in a transaction on Friday, August 2nd. The shares were bought at an average cost 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 of the company's stock, valued at approximately $67,362,401.47. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Mobileye Global during the first quarter worth about $1,294,000. AXA S.A. grew its holdings in shares of Mobileye Global by 35.6% in 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 in the last quarter. Raymond James & Associates grew its holdings in shares of Mobileye Global by 258.7% in 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 in the last quarter. M&G Plc lifted its stake in Mobileye Global by 8.9% in the second quarter. M&G Plc now owns 1,350,945 shares of the company's stock worth $37,826,000 after acquiring an additional 110,032 shares during the last quarter. Finally, Tobam purchased a new position in Mobileye Global in the first quarter worth approximately $7,168,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.