Mobileye Global (NASDAQ:MBLY) Downgraded to Sell Rating by Wall Street Zen

Mobileye Global (NASDAQ:MBLY) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also weighed in on the stock. HSBC upgraded shares of Mobileye Global to a “strong-buy” rating in a report on Friday, January 23rd. Wells Fargo & Company lowered their price objective on Mobileye Global from $24.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Piper Sandler cut their target price on Mobileye Global from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. UBS Group lowered their price target on Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Finally, Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.89.

Mobileye Global Trading Down 1.5%

Shares of NASDAQ MBLY opened at $9.05 on Friday. The firm has a market capitalization of $7.36 billion, a P/E ratio of -18.47 and a beta of 0.58. The firm’s 50-day moving average price is $10.11 and its 200-day moving average price is $12.29. Mobileye Global has a 1-year low of $8.32 and a 1-year high of $20.18.

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

Institutional Investors Weigh In On Mobileye Global

Several large investors have recently made changes to their positions in MBLY. Intel Corp purchased a new position in Mobileye Global during the third quarter valued at approximately $706,000,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mobileye Global in the 3rd quarter worth approximately $40,670,000. SG Americas Securities LLC boosted its holdings in Mobileye Global by 1,090.2% in the 2nd quarter. SG Americas Securities LLC now owns 115,321 shares of the company’s stock valued at $2,073,000 after purchasing an additional 105,632 shares during the period. Skylands Capital LLC boosted its holdings in Mobileye Global by 861.0% in the 3rd quarter. Skylands Capital LLC now owns 233,050 shares of the company’s stock valued at $3,291,000 after purchasing an additional 208,800 shares during the period. Finally, Senvest Management LLC purchased a new position in shares of Mobileye Global during the 2nd quarter valued at $1,369,000. 13.25% of the stock is owned by hedge funds and other 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.