Mobileye Global (NASDAQ:MBLY) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Mobileye Global (NASDAQ:MBLY) had its price objective lifted by research analysts at Robert W. Baird from $19.00 to $23.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 42.77% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Mobileye Global to a “sell” rating in a report on Tuesday, April 29th. Barclays reaffirmed an “equal weight” rating and set a $14.00 price target (down from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. The Goldman Sachs Group cut Mobileye Global from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Monday, June 9th. Needham & Company LLC decreased their price objective on Mobileye Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Mizuho increased their target price on Mobileye Global from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.50.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $16.11 on Friday. The stock’s 50-day moving average is $16.52 and its 200 day moving average is $16.05. Mobileye Global has a one year low of $10.48 and a one year high of $27.38. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 86.75 and a beta of 0.54.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The company’s revenue was up 83.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share. On average, sell-side analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Insider Activity at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the transaction, the executive vice president owned 107,853 shares of the company’s stock, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently made changes to their positions in the business. Mystic Asset Management Inc. increased its holdings in Mobileye Global by 3.6% during the first quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company’s stock worth $290,000 after buying an additional 700 shares during the last quarter. Perigon Wealth Management LLC increased its stake in shares of Mobileye Global by 4.6% during the 1st quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company’s stock worth $301,000 after purchasing an additional 914 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Mobileye Global during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global in the 4th quarter worth approximately $40,000. Finally, Ancora Advisors LLC bought a new stake in shares of Mobileye Global in the 4th quarter worth approximately $40,000. 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.