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

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $41.58.

MBLY has been the subject of a number of recent research reports. Barclays decreased their price objective on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Bank of America downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $47.00 to $22.00 in a research report on Thursday, January 4th. Royal Bank of Canada cut their price objective on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. TD Cowen increased their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Finally, Raymond James lowered their price target on shares of Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MBLY. Venturi Wealth Management LLC raised its stake in shares of Mobileye Global by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock worth $50,000 after purchasing an additional 300 shares during the period. Wealth Management Partners LLC increased its holdings in Mobileye Global by 3.1% during the third quarter. Wealth Management Partners LLC now owns 11,723 shares of the company’s stock worth $487,000 after buying an additional 350 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in Mobileye Global by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock worth $637,000 after acquiring an additional 400 shares during the period. Green Alpha Advisors LLC boosted its stake in Mobileye Global by 2.6% in the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after acquiring an additional 500 shares during the last quarter. Finally, CWM LLC bought a new position in shares of Mobileye Global during the 3rd quarter valued at approximately $25,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $29.20 on Monday. Mobileye Global has a 1 year low of $23.49 and a 1 year high of $47.41. The firm has a market cap of $23.54 billion, a PE ratio of -139.05, a price-to-earnings-growth ratio of 13.57 and a beta of -0.21. The company has a 50 day simple moving average of $29.23 and a 200 day simple moving average of $33.33.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.75%. The firm had revenue of $637.00 million during the quarter, compared to the consensus estimate of $637.53 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts anticipate that Mobileye Global will post 0.14 earnings per share for the current fiscal year.

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.