Mobileye Global (NASDAQ:MBLY) Trading Down 3.2% After Analyst Downgrade

Mobileye Global Inc. (NASDAQ:MBLY) was down 3.2% during mid-day trading on Friday after Mizuho lowered their price target on the stock from $17.00 to $15.00. Mizuho currently has a neutral rating on the stock. Mobileye Global traded as low as $13.84 and last traded at $13.64. Approximately 977,501 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 5,409,580 shares. The stock had previously closed at $14.09.

A number of other analysts have also weighed in on MBLY. Royal Bank Of Canada upped their price objective on Mobileye Global from $14.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 29th. Zacks Research raised Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. upped their price objective on Mobileye Global from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobileye Global in a research report on Wednesday, October 8th. Finally, TD Cowen cut their price objective on Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and an average price target of $18.59.

Hedge Funds Weigh In On Mobileye Global

Several large investors have recently bought and sold shares of MBLY. Rhumbline Advisers purchased a new position in Mobileye Global in the first quarter valued at $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Mobileye Global in the second quarter valued at $31,000. Tower Research Capital LLC TRC increased its holdings in Mobileye Global by 464.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after buying an additional 2,705 shares during the last quarter. KBC Group NV acquired a new position in Mobileye Global in the second quarter valued at $65,000. Finally, CoreCap Advisors LLC boosted its stake in Mobileye Global by 1,337.3% in the third quarter. CoreCap Advisors LLC now owns 5,476 shares of the company’s stock valued at $77,000 after acquiring an additional 5,095 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

The company has a market cap of $10.95 billion, a price-to-earnings ratio of -32.00, a P/E/G ratio of 8.64 and a beta of 0.52. The firm’s 50 day simple moving average is $14.34 and its 200-day simple moving average is $15.06.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. The company had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Mobileye Global’s revenue for the quarter was up 3.7% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. On average, analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

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.