Mobileye Global (NASDAQ:MBLY) Lowered to Strong Sell Rating by Zacks Research

Mobileye Global (NASDAQ:MBLY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

MBLY has been the subject of several other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobileye Global in a research report on Friday, October 31st. Arete Research downgraded Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 target price for the company. in a research report on Tuesday. TD Cowen lowered their price objective on shares of Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. raised shares of Mobileye Global from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, January 6th. Finally, Mizuho cut their price target on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.89.

Mobileye Global Trading Down 5.7%

Shares of NASDAQ MBLY opened at $9.51 on Tuesday. The business has a 50-day moving average of $10.92 and a 200-day moving average of $13.01. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of -19.41, a PEG ratio of 4.50 and a beta of 0.57. Mobileye Global has a 12 month low of $9.51 and a 12 month high of $20.18.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The business had revenue of $446.00 million for the quarter, compared to the consensus estimate of $430.69 million. During the same period last year, the firm posted $0.13 earnings per share. Mobileye Global’s quarterly revenue was down 9.0% on a year-over-year basis. On average, analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Trading of Mobileye Global

Large investors have recently modified their holdings of the business. Intel Corp bought a new position in Mobileye Global during the 3rd quarter valued at approximately $706,000,000. Burkehill Global Management LP bought a new stake in shares of Mobileye Global in the 3rd quarter worth approximately $42,360,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mobileye Global during the third quarter valued at approximately $40,670,000. DNB Asset Management AS purchased a new position in shares of Mobileye Global during the third quarter valued at approximately $40,212,000. Finally, Two Sigma Investments LP increased its stake in shares of Mobileye Global by 131.9% during the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after buying an additional 2,493,181 shares during the period. 13.25% of the stock is owned by institutional investors.

Mobileye Global Company Profile

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.