Mobileye Global (NASDAQ:MBLY) Given New $32.00 Price Target at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLYFree Report) had its target price lowered by The Goldman Sachs Group from $40.00 to $32.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley cut Mobileye Global from an equal weight rating to an underweight rating and dropped their price objective for the stock from $26.00 to $25.00 in a report on Friday, April 26th. TD Cowen raised their target price on Mobileye Global from $35.00 to $37.00 and gave the company a buy rating in a research note on Friday, April 26th. Wolfe Research raised Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 price objective for the company in a research report on Friday, April 12th. Citigroup reduced their price objective on Mobileye Global from $58.00 to $53.00 and set a buy rating for the company in a research report on Monday, April 29th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $36.00 price objective on shares of Mobileye Global in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Mobileye Global has an average rating of Moderate Buy and an average price target of $37.88.

Read Our Latest Research Report on Mobileye Global

Mobileye Global Trading Up 0.3 %

Shares of Mobileye Global stock opened at $26.75 on Wednesday. The firm has a market capitalization of $21.57 billion, a PE ratio of -127.37, a price-to-earnings-growth ratio of 43.27 and a beta of 0.07. The business’s 50-day moving average price is $27.74 and its 200-day moving average price is $29.20. Mobileye Global has a 12 month low of $23.49 and a 12 month high of $45.10.

Mobileye Global (NASDAQ:MBLYGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $239.00 million for the quarter, compared to analysts’ expectations of $226.60 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. As a group, analysts predict that Mobileye Global will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Patrick P. Gelsinger acquired 1,611 shares of Mobileye Global stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the purchase, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Patrick P. Gelsinger acquired 1,611 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the purchase, the director now owns 132,706 shares in the company, valued at approximately $3,738,328.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick P. Gelsinger bought 2,000 shares of Mobileye Global stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $27.53 per share, with a total value of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares in the company, valued at approximately $3,609,045.35. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds have recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in Mobileye Global during the fourth quarter valued at $28,000. Register Financial Advisors LLC purchased a new stake in shares of Mobileye Global in the first quarter worth about $32,000. National Bank of Canada FI lifted its position in shares of Mobileye Global by 90.0% in the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after buying an additional 675 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Mobileye Global by 33.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after buying an additional 400 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Mobileye Global in the fourth quarter worth about $77,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Company Profile

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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.

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Analyst Recommendations for Mobileye Global (NASDAQ:MBLY)

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