UBS Group Has Lowered Expectations for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLY) had its price target dropped by UBS Group from $17.00 to $14.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 8.11% from the company’s previous close.

Several other research firms have also recently weighed in on MBLY. The Goldman Sachs Group lowered their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho lowered their price target on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Bank of America raised Mobileye Global from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research report on Wednesday, March 26th. Finally, Piper Sandler upped their target price on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.95.

Mobileye Global Trading Down 1.9 %

Shares of MBLY opened at $12.95 on Thursday. The business’s 50-day moving average price is $15.47 and its 200 day moving average price is $15.90. The stock has a market capitalization of $10.50 billion, a P/E ratio of -3.39, a P/E/G ratio of 69.54 and a beta of 0.39. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $33.26.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, research analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its stake in shares of Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares in the last quarter. Versant Capital Management Inc boosted its position in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the period. Rhumbline Advisers acquired a new position in Mobileye Global during the first quarter valued at approximately $27,000. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $30,000. Finally, Quarry LP acquired a new stake in shares of Mobileye Global in the third quarter worth $31,000. 13.25% of the stock is currently owned by institutional investors.

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.