Mobileye Global (NASDAQ:MBLY) PT Lowered to $33.00

Mobileye Global (NASDAQ:MBLY) had its target price reduced by equities research analysts at UBS Group from $36.00 to $33.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 25.19% from the stock’s previous close.

MBLY has been the topic of a number of other research reports. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Mobileye Global in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Canaccord Genuity Group raised their target price on Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Friday, April 12th. Finally, Piper Sandler raised their target price on Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.25.

Mobileye Global Stock Performance

Shares of Mobileye Global stock traded down $0.32 during trading on Wednesday, hitting $26.36. The company’s stock had a trading volume of 679,179 shares, compared to its average volume of 4,131,235. Mobileye Global has a 52 week low of $23.49 and a 52 week high of $45.10. The company has a fifty day simple moving average of $27.78 and a two-hundred day simple moving average of $29.22. The company has a market capitalization of $21.25 billion, a PE ratio of -125.52, a P/E/G ratio of 43.27 and a beta of 0.07.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $239.00 million during the quarter, compared to the consensus estimate of $226.60 million. Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. As a group, analysts predict that Mobileye Global will post 0.09 EPS for the current year.

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger purchased 1,611 shares of Mobileye Global stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of $28.17 per share, with a total value of $45,381.87. Following the purchase, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Patrick P. Gelsinger purchased 1,611 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the acquisition, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick P. Gelsinger acquired 2,000 shares of Mobileye Global stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its stake in Mobileye Global by 89.8% in the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock worth $513,925,000 after purchasing an additional 7,560,929 shares in the last quarter. Norges Bank acquired a new stake in Mobileye Global during the 4th quarter valued at approximately $437,842,000. Kodai Capital Management LP acquired a new stake in shares of Mobileye Global in the fourth quarter worth $148,924,000. Wellington Management Group LLP raised its holdings in shares of Mobileye Global by 200.3% during the fourth quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after purchasing an additional 2,266,438 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Mobileye Global by 25.8% in the fourth quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock valued at $113,616,000 after acquiring an additional 538,371 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.