Mobileye Global (NASDAQ:MBLY) Price Target Cut to $14.00 by Analysts at Barclays

Mobileye Global (NASDAQ:MBLY) had its price target trimmed by Barclays from $16.00 to $14.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also recently commented on MBLY. UBS Group decreased their target price on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Royal Bank Of Canada decreased their price objective on Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, January 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised Mobileye Global from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $13.00 in a research report on Tuesday, January 6th. Finally, Piper Sandler decreased their price target on Mobileye Global from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.79.

Mobileye Global Trading Down 2.5%

Shares of NASDAQ:MBLY opened at $6.56 on Monday. The company has a market capitalization of $5.52 billion, a PE ratio of -13.39 and a beta of 0.59. Mobileye Global has a 12-month low of $6.47 and a 12-month high of $20.18. The business’s fifty day simple moving average is $8.61 and its 200-day simple moving average is $11.13.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 earnings per share 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 firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. Research analysts predict that Mobileye Global will post 0.01 EPS for the current year.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in MBLY. Hsbc Holdings PLC grew its position in Mobileye Global by 88.3% in the 4th quarter. Hsbc Holdings PLC now owns 222,753 shares of the company’s stock worth $2,353,000 after purchasing an additional 104,455 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $181,000. Pacer Advisors Inc. purchased a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $15,290,000. Virtu Financial LLC bought a new stake in Mobileye Global during the fourth quarter worth $895,000. Finally, Vident Advisory LLC boosted its position in Mobileye Global by 21.9% in the fourth quarter. Vident Advisory LLC now owns 32,632 shares of the company’s stock worth $341,000 after purchasing an additional 5,873 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Company Profile

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.