Mobileye Global (NASDAQ:MBLY) Price Target Lowered to $9.00 at UBS Group

Mobileye Global (NASDAQ:MBLY) had its price objective lowered by UBS Group from $12.00 to $9.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently issued reports on the company. Needham & Company LLC dropped 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. Berenberg Bank initiated coverage on Mobileye Global in a report on Wednesday, April 1st. They set a “buy” rating and a $9.30 price objective on the stock. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Morgan Stanley lowered their price target on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Finally, HSBC cut Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.10.

Mobileye Global Stock Performance

Shares of MBLY opened at $7.62 on Tuesday. The stock’s 50-day simple moving average is $8.07 and its 200 day simple moving average is $10.60. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of -15.55 and a beta of 0.75. Mobileye Global has a 52-week low of $6.47 and a 52-week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last issued 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 business had revenue of $446.00 million for 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 quarter in the prior year, the firm posted $0.13 EPS. On average, research analysts forecast that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the company. Intel Corp bought a new position in shares of Mobileye Global during the 3rd quarter valued at about $706,000,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mobileye Global during the 3rd quarter valued at about $40,670,000. Ion Asset Management Ltd. bought a new position in shares of Mobileye Global during the 3rd quarter valued at about $3,389,000. JPMorgan Chase & Co. increased its position in shares of Mobileye Global by 57.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 686,976 shares of the company’s stock valued at $9,700,000 after purchasing an additional 251,072 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Mobileye Global during the 3rd quarter valued at about $2,470,000. 13.25% of the stock is currently owned by institutional investors.

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.