Mobileye Global (NASDAQ:MBLY) Cut to “Peer Perform” at Wolfe Research

Wolfe Research lowered shares of Mobileye Global (NASDAQ:MBLY) from an outperform rating to a peer perform rating in a research report report published on Monday, MarketBeat reports.

MBLY has been the subject of several other reports. TD Cowen decreased their price target on shares of Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Morgan Stanley reduced their target price on Mobileye Global from $17.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft raised Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, October 6th. Evercore ISI cut their price target on Mobileye Global from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Finally, Barclays upgraded Mobileye Global from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $17.00 to $16.00 in a report on Monday, January 5th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.28.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $10.94 on Monday. Mobileye Global has a fifty-two week low of $10.04 and a fifty-two week high of $20.18. The stock has a 50 day simple moving average of $11.31 and a two-hundred day simple moving average of $13.55. The company has a market cap of $8.90 billion, a P/E ratio of -26.05, a PEG ratio of 2.75 and a beta of 0.57.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. The company had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in shares of Mobileye Global by 10.7% in the 1st quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock worth $450,000 after acquiring an additional 3,019 shares in the last quarter. Rhumbline Advisers bought a new stake in Mobileye Global in the 1st quarter worth about $27,000. Triumph Capital Management increased its stake in Mobileye Global by 6.7% in the 2nd quarter. Triumph Capital Management now owns 75,840 shares of the company’s stock valued at $1,364,000 after buying an additional 4,795 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Mobileye Global during the 2nd quarter worth approximately $372,000. Finally, Slow Capital Inc. lifted its position in shares of Mobileye Global by 4.4% during the 2nd quarter. Slow Capital Inc. now owns 234,565 shares of the company’s stock worth $4,217,000 after buying an additional 9,912 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.