Mobileye Global (NASDAQ:MBLY) Downgraded by The Goldman Sachs Group to “Neutral”

The Goldman Sachs Group downgraded shares of Mobileye Global (NASDAQ:MBLY) from a buy rating to a neutral rating in a research report released on Monday, MarketBeat reports. The brokerage currently has $17.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Barclays reaffirmed an “equal weight” rating and set a $14.00 target price (down from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. Mizuho decreased their price objective on Mobileye Global from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Bank of America upgraded 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 report on Monday, February 10th. TD Cowen lifted their target price on Mobileye Global from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Finally, Piper Sandler upped their price target on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.63.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $16.15 on Monday. The stock’s 50 day simple moving average is $14.85 and its 200-day simple moving average is $16.18. The stock has a market cap of $13.11 billion, a P/E ratio of -4.23, a P/E/G ratio of 69.54 and a beta of 0.48. 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 quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The company had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 83.3% compared to the same quarter last year. As a group, research analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the transaction, the executive vice president now owns 107,853 shares in the company, valued at $1,735,354.77. The trade was a 38.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in Mobileye Global in the fourth quarter valued at $95,937,000. Dimensional Fund Advisors LP acquired a new position in shares of Mobileye Global during the 4th quarter worth about $27,155,000. Light Street Capital Management LLC purchased a new position in shares of Mobileye Global in the 4th quarter valued at about $15,276,000. Yiheng Capital Management L.P. acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $14,940,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Mobileye Global by 433.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company’s stock worth $12,837,000 after purchasing an additional 724,695 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other 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.