Barclays Lowers Mobileye Global (NASDAQ:MBLY) Price Target to $27.00

Mobileye Global (NASDAQ:MBLY) had its price objective reduced by Barclays from $40.00 to $27.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

MBLY has been the subject of several other research reports. Canaccord Genuity Group boosted their price target on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a buy rating in a report on Friday, April 26th. JPMorgan Chase & Co. lowered shares of Mobileye Global from an overweight rating to a neutral rating and cut their price target for the stock from $38.00 to $24.00 in a report on Wednesday, July 31st. BNP Paribas lowered shares of Mobileye Global from an outperform rating to a neutral rating and set a $17.00 price target for the company. in a report on Monday. Daiwa Capital Markets lowered shares of Mobileye Global from a buy rating to a neutral rating in a report on Monday. Finally, Fox Advisors lowered shares of Mobileye Global from an overweight rating to an equal weight rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global has an average rating of Moderate Buy and an average target price of $32.89.

Mobileye Global Trading Up 2.9 %

NASDAQ MBLY traded up $0.44 on Monday, hitting $15.62. 6,767,352 shares of the company’s stock traded hands, compared to its average volume of 4,429,120. Mobileye Global has a 1-year low of $14.33 and a 1-year high of $44.48. The firm’s 50-day moving average price is $25.70 and its two-hundred day moving average price is $27.52. The firm has a market capitalization of $12.59 billion, a PE ratio of -72.29, a P/E/G ratio of 29.75 and a beta of 0.13.

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

Insider Buying and Selling at Mobileye Global

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

Institutional Trading of Mobileye Global

Large investors have recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of Mobileye Global during the fourth quarter worth approximately $28,000. Register Financial Advisors LLC purchased a new position in Mobileye Global in the first quarter valued at approximately $32,000. National Bank of Canada FI increased its stake in Mobileye Global by 90.0% in the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock valued at $59,000 after purchasing an additional 675 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Mobileye Global in the fourth quarter valued at approximately $77,000. Finally, Natixis Investment Managers International purchased a new position in Mobileye Global in the first quarter valued at approximately $99,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

About Mobileye Global

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.