Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) rose 8.1% on Friday after TD Cowen raised their price target on the stock from $15.00 to $19.00. TD Cowen currently has a buy rating on the stock. Mobileye Global traded as high as $14.85 and last traded at $14.71. Approximately 2,114,686 shares traded hands during trading, a decline of 57% from the average daily volume of 4,883,963 shares. The stock had previously closed at $13.61.
A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada cut Mobileye Global from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $24.00 to $11.00 in a report on Tuesday, October 15th. UBS Group lowered shares of Mobileye Global from a "buy" rating to a "neutral" rating and dropped their target price for the company from $20.00 to $14.00 in a research report on Friday, October 4th. BNP Paribas downgraded Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 price objective for the company. in a research note on Wednesday, October 2nd. Hsbc Global Res upgraded Mobileye Global to a "strong-buy" rating in a report on Monday, July 15th. Finally, Westpark Capital reissued a "hold" rating on shares of Mobileye Global in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.25.
Check Out Our Latest Stock Analysis on MBLY
Insiders Place Their Bets
In other news, Director Patrick P. Gelsinger bought 6,400 shares of Mobileye Global stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $15.48 per share, with a total value of $99,072.00. Following the acquisition, the director now owns 139,106 shares of the company's stock, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.
Institutional Investors Weigh In On Mobileye Global
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Mobileye Global in the 1st quarter valued at about $1,294,000. AXA S.A. grew its position in Mobileye Global by 35.6% during the second quarter. AXA S.A. now owns 518,076 shares of the company's stock worth $14,550,000 after buying an additional 135,967 shares during the period. Raymond James & Associates lifted its position in shares of Mobileye Global by 258.7% during the 2nd quarter. Raymond James & Associates now owns 336,417 shares of the company's stock valued at $9,448,000 after acquiring an additional 242,640 shares during the period. M&G Plc boosted its stake in shares of Mobileye Global by 8.9% during the 2nd 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 in the last quarter. Finally, PFG Investments LLC acquired a new stake in shares of Mobileye Global in the 3rd quarter worth approximately $635,000. 13.25% of the stock is owned by hedge funds and other institutional investors.
Mobileye Global Stock Performance
The business has a fifty day moving average of $12.75 and a two-hundred day moving average of $20.93. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of -52.53 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 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. On average, equities research analysts forecast that Mobileye Global Inc. will post -0.06 earnings per share for the current year.
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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