Mobileye Global (NASDAQ:MBLY) Rating Increased to Outperform at Wolfe Research

Mobileye Global (NASDAQ:MBLY) was upgraded by equities research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Friday, MarketBeat Ratings reports. The brokerage currently has a $41.00 target price on the stock. Wolfe Research’s price target suggests a potential upside of 29.26% from the company’s previous close.

Several other research firms have also recently commented on MBLY. Royal Bank of Canada lowered their price target on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. JPMorgan Chase & Co. lifted their price objective on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC reduced their price objective on shares of Mobileye Global from $43.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, January 5th. Piper Sandler began coverage on shares of Mobileye Global in a research note on Friday, March 15th. They issued a “neutral” rating and a $31.00 price objective for the company. Finally, Mizuho reduced their price objective on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.91.

Mobileye Global Stock Up 1.0 %

Mobileye Global stock opened at $31.72 on Friday. The company’s fifty day simple moving average is $28.46 and its 200-day simple moving average is $34.06. Mobileye Global has a 12 month low of $23.49 and a 12 month high of $47.41. The stock has a market cap of $25.57 billion, a P/E ratio of -792.80, a P/E/G ratio of 15.49 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The business had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $637.53 million. During the same period in the previous year, the company posted $0.27 EPS. Mobileye Global’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts expect that Mobileye Global will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger acquired 3,600 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were bought at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the acquisition, the director now owns 129,095 shares in the company, valued at approximately $3,582,386.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. CWM LLC bought a new stake in Mobileye Global in the third quarter valued at about $25,000. Hollencrest Capital Management bought a new stake in Mobileye Global in the first quarter valued at about $27,000. Principal Securities Inc. bought a new stake in Mobileye Global in the fourth quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC bought a new stake in Mobileye Global in the third quarter valued at about $35,000. Finally, International Assets Investment Management LLC bought a new stake in Mobileye Global in the third quarter valued at about $43,000. Institutional investors own 13.25% of the company’s stock.

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.