Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price decreased by Barclays from $19.00 to $18.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 23.54% from the company's current price.
Other equities research analysts have also issued research reports about the company. Wolfe Research lowered Mobileye Global from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 5th. Robert W. Baird boosted their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Friday. Canaccord Genuity Group dropped their target price on Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley raised Mobileye Global from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $25.00 to $18.00 in a report on Friday, August 2nd. Finally, Daiwa Capital Markets cut shares of Mobileye Global from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $23.20.
Read Our Latest Research Report on MBLY
Mobileye Global Price Performance
Mobileye Global stock traded down $1.00 during midday trading on Monday, reaching $14.57. The company's stock had a trading volume of 7,491,638 shares, compared to its average volume of 4,966,608. The stock has a market capitalization of $11.79 billion, a P/E ratio of -3.99 and a beta of 0.07. The stock's 50-day simple moving average is $12.77 and its 200-day simple moving average is $20.69. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $44.48.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.60%. The company had revenue of $439.00 million during the quarter, compared to analysts' expectations of $424.34 million. During the same period last year, the business earned $0.11 EPS. Mobileye Global's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts expect that Mobileye Global will post -0.06 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of MBLY. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the 2nd quarter worth approximately $84,000. Natixis Investment Managers International acquired a new position in Mobileye Global during the first quarter worth $99,000. EverSource Wealth Advisors LLC grew its stake in shares of Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock valued at $107,000 after buying an additional 3,478 shares in the last quarter. Guinness Atkinson Asset Management Inc raised its holdings in shares of Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after buying an additional 1,257 shares during the period. Finally, Avitas Wealth Management LLC purchased a new position in Mobileye Global during the 3rd quarter valued at about $137,000. Hedge funds and other institutional investors own 13.25% of the company's stock.
About Mobileye Global
(
Get Free Report)
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.
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