Mobileye Global (NASDAQ:MBLY) Downgraded to “Neutral” Rating by Arete Research

Arete Research downgraded shares of Mobileye Global (NASDAQ:MBLY) from a buy rating to a neutral rating in a research note published on Tuesday, MarketBeat reports. They currently have $15.70 price target on the stock.

A number of other research analysts have also recently commented on the stock. Hsbc Global Res upgraded shares of Mobileye Global to a “strong-buy” rating in a research report on Friday, January 23rd. Royal Bank Of Canada reduced their target price on shares of Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd. Wolfe Research downgraded shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Barclays upgraded shares of Mobileye Global from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $17.00 to $16.00 in a research report on Monday, January 5th. Finally, Needham & Company LLC decreased their price objective on Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.89.

Mobileye Global Stock Down 0.7%

MBLY opened at $10.08 on Tuesday. The business’s fifty day simple moving average is $10.96 and its 200 day simple moving average is $13.04. Mobileye Global has a 52 week low of $9.75 and a 52 week high of $20.18. The stock has a market cap of $8.20 billion, a PE ratio of -20.57, a P/E/G ratio of 3.54 and a beta of 0.57.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. As a group, equities analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Trading of Mobileye Global

Several large investors have recently modified their holdings of the business. Intel Corp purchased a new position in shares of Mobileye Global during the 3rd quarter worth approximately $706,000,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Mobileye Global during the third quarter valued at approximately $40,670,000. SG Americas Securities LLC grew its stake in Mobileye Global by 1,090.2% in the second quarter. SG Americas Securities LLC now owns 115,321 shares of the company’s stock worth $2,073,000 after purchasing an additional 105,632 shares during the period. ARK Investment Management LLC raised its holdings in Mobileye Global by 18.2% in the second quarter. ARK Investment Management LLC now owns 137,053 shares of the company’s stock worth $2,464,000 after purchasing an additional 21,066 shares in the last quarter. Finally, Senvest Management LLC purchased a new position in Mobileye Global during the second quarter valued at $1,369,000. 13.25% of the stock is owned by institutional investors.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.