Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has been given a consensus rating of “Moderate Buy” by the twenty-five ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $31.60.

MBLY has been the topic of several recent research reports. UBS Group reduced their price target on Mobileye Global from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Evercore ISI reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Mobileye Global in a research note on Monday, August 26th. Daiwa Capital Markets cut shares of Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Royal Bank of Canada decreased their price objective on shares of Mobileye Global from $34.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, Westpark Capital restated a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st.

Mobileye Global Trading Down 7.3 %

Shares of NASDAQ MBLY opened at $12.62 on Friday. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of -60.10 and a beta of 0.13. The stock’s 50-day moving average is $19.71 and its 200 day moving average is $25.49. Mobileye Global has a 1-year low of $12.51 and a 1-year high of $44.48.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, analysts forecast that Mobileye Global will post -0.07 EPS for the current fiscal year.

Insider Activity at Mobileye Global

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

Institutional Trading of Mobileye Global

Several large investors have recently added to or reduced their stakes in MBLY. Green Alpha Advisors LLC raised its position in Mobileye Global by 2.6% in the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock worth $630,000 after acquiring an additional 500 shares during the period. Principal Securities Inc. purchased a new stake in shares of Mobileye Global in the 4th quarter worth $28,000. Perigon Wealth Management LLC raised its holdings in Mobileye Global by 6.7% in the 1st quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock worth $341,000 after purchasing an additional 664 shares during the period. National Bank of Canada FI raised its holdings in Mobileye Global by 90.0% in the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after purchasing an additional 675 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Mobileye Global by 9.9% during the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock valued at $277,000 after purchasing an additional 774 shares during the period. 13.25% of the stock is currently owned by 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.