Mobileye Global (NASDAQ:MBLY) Downgraded to “Underweight” at Morgan Stanley

Morgan Stanley downgraded shares of Mobileye Global (NASDAQ:MBLY) from an equal weight rating to an underweight rating in a report published on Friday, MarketBeat Ratings reports. They currently have $25.00 price target on the stock, down from their previous price target of $26.00.

A number of other equities analysts have also recently issued reports on the company. TD Cowen lowered their target price on Mobileye Global from $38.00 to $35.00 and set an outperform rating for the company in a report on Friday, January 26th. Barclays lowered their target price on Mobileye Global from $46.00 to $43.00 and set an overweight rating for the company in a report on Friday, January 26th. JPMorgan Chase & Co. upped their target price on Mobileye Global from $34.00 to $38.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Wolfe Research raised Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 target price for the company in a report on Friday, April 12th. Finally, Bank of America cut Mobileye Global from a neutral rating to an underperform rating and lowered their target price for the stock from $47.00 to $22.00 in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $41.58.

Mobileye Global Price Performance

Mobileye Global stock opened at $29.20 on Friday. Mobileye Global has a 52 week low of $23.49 and a 52 week high of $47.41. The stock has a fifty day moving average of $29.23 and a 200-day moving average of $33.33.

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

Institutional Investors Weigh In On Mobileye Global

Large investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new stake in Mobileye Global during the third quarter valued at about $25,000. Principal Securities Inc. purchased a new stake in Mobileye Global during the fourth quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Mobileye Global during the third quarter valued at about $35,000. Register Financial Advisors LLC purchased a new stake in Mobileye Global during the first quarter valued at about $32,000. Finally, Venturi Wealth Management LLC raised its position in Mobileye Global by 33.3% during the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. 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.