Mobileye Global (NASDAQ:MBLY) Price Target Lowered to $25.00 at Canaccord Genuity Group

Mobileye Global (NASDAQ:MBLY) had its price objective trimmed by Canaccord Genuity Group from $27.00 to $25.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on MBLY. Mizuho downgraded shares of Mobileye Global from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $13.00 in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 price target on shares of Mobileye Global in a research report on Tuesday, September 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Evercore ISI reduced their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Finally, Needham & Company LLC cut their price objective on Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $23.25.

Mobileye Global Stock Up 14.4 %

MBLY traded up $1.96 during midday trading on Friday, reaching $15.57. 17,110,626 shares of the company’s stock were exchanged, compared to its average volume of 4,954,566. Mobileye Global has a one year low of $10.48 and a one year high of $44.48. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of -55.61 and a beta of 0.08. The business has a 50-day simple moving average of $12.77 and a two-hundred day simple moving average of $20.82.

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

Insider Activity at Mobileye Global

In other news, 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 price of $15.48 per share, with a total value of $99,072.00. Following the completion of the purchase, the director now owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the business. Atria Investments Inc boosted its holdings in shares of Mobileye Global by 168.7% in the third quarter. Atria Investments Inc now owns 26,860 shares of the company’s stock valued at $368,000 after buying an additional 16,862 shares during the period. ARK Investment Management LLC lifted its holdings in shares of Mobileye Global by 7.7% in the third quarter. ARK Investment Management LLC now owns 74,878 shares of the company’s stock valued at $1,026,000 after purchasing an additional 5,323 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in shares of Mobileye Global during the third quarter worth about $305,000. Impax Asset Management Group plc acquired a new position in shares of Mobileye Global during the third quarter worth about $871,000. Finally, Arcadia Investment Management Corp MI grew its holdings in shares of Mobileye Global by 13.1% during the third quarter. Arcadia Investment Management Corp MI now owns 139,656 shares of the company’s stock worth $1,913,000 after buying an additional 16,190 shares in the last quarter. Institutional investors 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.