Mobileye Global (NASDAQ:MBLY) Price Target Lowered to $9.00 at JPMorgan Chase & Co.

Mobileye Global (NASDAQ:MBLY) had its price target lowered by JPMorgan Chase & Co. from $11.00 to $9.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Wall Street Zen lowered Mobileye Global from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Wolfe Research lowered Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Canaccord Genuity Group reduced their target price on Mobileye Global from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. UBS Group reduced their target price on Mobileye Global from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and an average price target of $14.90.

Mobileye Global Trading Up 1.3%

Shares of NASDAQ MBLY opened at $7.82 on Thursday. The stock has a market capitalization of $6.58 billion, a PE ratio of -15.96 and a beta of 0.75. The stock’s fifty day simple moving average is $8.03 and its two-hundred day simple moving average is $10.56. Mobileye Global has a 12-month low of $6.47 and a 12-month high of $20.18.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. On average, equities analysts predict that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors have recently bought and sold shares of MBLY. NewEdge Advisors LLC boosted its holdings in Mobileye Global by 10.7% in the 1st quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock worth $450,000 after buying an additional 3,019 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Mobileye Global during the 1st quarter valued at approximately $27,000. Creative Planning raised its position in shares of Mobileye Global by 10.2% during the 2nd quarter. Creative Planning now owns 18,316 shares of the company’s stock valued at $329,000 after buying an additional 1,693 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Mobileye Global during the 2nd quarter valued at approximately $351,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Mobileye Global during the 2nd quarter valued at approximately $31,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.