Barclays Lowers Mobileye Global (NASDAQ:MBLY) Price Target to $19.00

Mobileye Global (NASDAQ:MBLY) had its target price trimmed by Barclays from $27.00 to $19.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

MBLY has been the topic of a number of other research reports. Westpark Capital reissued a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Morgan Stanley raised Mobileye Global from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $25.00 to $18.00 in a research note on Friday, August 2nd. Evercore ISI dropped their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Finally, Robert W. Baird dropped their price objective on Mobileye Global from $40.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.55.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $12.79 on Tuesday. The stock’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $22.11. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $44.48. The company has a market cap of $10.35 billion, a price-to-earnings ratio of -60.90 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $424.34 million. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. On average, equities analysts predict that Mobileye Global will post -0.06 EPS for the current fiscal year.

Insider Activity

In other news, CEO Amnon Shashua bought 631,963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the purchase, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Amnon Shashua bought 631,963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the purchase, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patrick P. Gelsinger bought 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, with a total value of $99,072.00. Following the completion of the purchase, the director now directly owns 139,106 shares in the company, valued at $2,153,360.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds have recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in Mobileye Global during the first quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in Mobileye Global during the fourth quarter worth approximately $77,000. Cranbrook Wealth Management LLC acquired a new stake in Mobileye Global during the second quarter worth approximately $84,000. Natixis Investment Managers International acquired a new stake in Mobileye Global during the first quarter worth approximately $99,000. Finally, EverSource Wealth Advisors LLC lifted its position in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after acquiring an additional 3,478 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Company Profile

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.