Mobileye Global (NASDAQ:MBLY) Given New $16.00 Price Target at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY) had its price target cut by The Goldman Sachs Group from $19.00 to $16.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

MBLY has been the subject of a number of other reports. JPMorgan Chase & Co. raised their price objective on Mobileye Global from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, July 17th. TD Cowen decreased their price target on shares of Mobileye Global from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, July 25th. UBS Group lifted their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Barclays increased their price objective on shares of Mobileye Global from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Finally, Robert W. Baird dropped their target price on shares of Mobileye Global from $22.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, September 3rd. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.53.

Mobileye Global Stock Up 2.1%

Shares of NASDAQ:MBLY opened at $14.14 on Monday. The company has a market cap of $11.53 billion, a P/E ratio of -3.87, a P/E/G ratio of 8.71 and a beta of 0.52. The business has a fifty day simple moving average of $14.23 and a 200-day simple moving average of $15.07. Mobileye Global has a 52 week low of $11.12 and a 52 week high of $22.51.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $466.42 million. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. Mobileye Global has set its FY 2025 guidance at EPS. Sell-side analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the completion of the transaction, the insider owned 50,000,000 shares of the company’s stock, valued at $802,500,000. This trade represents a 56.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its position in shares of Mobileye Global by 218.7% in the second quarter. Cubist Systematic Strategies LLC now owns 1,593,168 shares of the company’s stock worth $28,645,000 after purchasing an additional 1,093,289 shares in the last quarter. Invesco Ltd. acquired a new position in Mobileye Global in the 2nd quarter valued at approximately $19,393,000. Jump Financial LLC purchased a new stake in Mobileye Global in the 2nd quarter worth approximately $17,987,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Mobileye Global by 433.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company’s stock valued at $12,837,000 after buying an additional 724,695 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in shares of Mobileye Global by 266.6% during the 2nd quarter. Engineers Gate Manager LP now owns 982,540 shares of the company’s stock valued at $17,666,000 after acquiring an additional 714,507 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.