Mobileye Global Inc. (NASDAQ:MBLY) Stock Has Average Price Target of $10.43 According to Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received a consensus rating of “Hold” from the twenty-three analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.43.

MBLY has been the topic of several recent analyst reports. Needham & Company LLC reduced their price objective on shares of Mobileye Global from $13.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Berenberg Bank raised Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Monday, August 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Mobileye Global in a report on Friday, October 2nd. Tigress Financial decreased their price objective on shares of Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. reduced their price target on Mobileye Global from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, November 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Entropy Technologies LP bought a new position in Mobileye Global in the 3rd quarter valued at approximately $896,000. Marshall Wace LLP increased its holdings in Mobileye Global by 17,490.3% in the third quarter. Marshall Wace LLP now owns 3,255,786 shares of the company’s stock valued at $24,060,000 after purchasing an additional 3,237,277 shares during the period. Caxton Associates LLP bought a new position in Mobileye Global during the 3rd quarter worth $644,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Mobileye Global by 71.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,170,000 shares of the company’s stock worth $8,646,000 after purchasing an additional 486,612 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Mobileye Global by 33.0% during the 3rd quarter. First Trust Advisors LP now owns 1,441,235 shares of the company’s stock worth $10,651,000 after buying an additional 357,900 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY traded down $0.08 during trading on Tuesday, reaching $5.56. The stock had a trading volume of 4,318,498 shares, compared to its average volume of 8,883,196. The stock has a market capitalization of $4.67 billion, a PE ratio of -1.12, a P/E/G ratio of 1.85 and a beta of 1.30. Mobileye Global has a 52 week low of $4.89 and a 52 week high of $14.33. The business’s 50-day moving average price is $7.08 and its 200 day moving average price is $8.30.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Mobileye Global had a negative net margin of 201.25% and a positive return on equity of 0.66%. The business had revenue of $492.00 million for the quarter, compared to analysts’ expectations of $476.78 million. During the same period in the prior year, the firm earned $0.09 earnings per share. Mobileye Global’s revenue was down 2.4% compared to the same quarter last year. Analysts forecast that Mobileye Global will post 0.11 EPS for the current year.

About Mobileye Global

Mobileye Global develops advanced driver-assistance systems (ADAS) and autonomous-driving technologies for automakers. Its products include EyeQ system-on-chips, computer-vision software, sensing and mapping technologies, and driver-assistance and automated-driving systems designed for vehicles ranging from mass-market models to premium platforms. Founded in Israel in 1999, Mobileye was acquired by Intel in 2017 and became a publicly traded company again in 2022. The company is headquartered in Jerusalem and serves automotive manufacturers and other mobility customers around the world.