Mobileye Global Inc. (NASDAQ:MBLY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have earned an average recommendation of “Hold” from the twenty-three brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.8850.

MBLY has been the topic of several research reports. HSBC upgraded shares of Mobileye Global to a “strong-buy” rating in a research report on Friday, January 23rd. Arete Research downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 target price for the company. in a research note on Tuesday, January 27th. The Goldman Sachs Group reduced their target price on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Mizuho lowered their price target on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, Tigress Financial restated a “buy” rating and issued a $25.00 price objective on shares of Mobileye Global in a research report on Thursday, January 29th.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after purchasing an additional 1,495 shares during the period. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the 1st quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Mobileye Global during the second quarter worth approximately $31,000. Financial Management Professionals Inc. bought a new stake in shares of Mobileye Global during the fourth quarter worth approximately $32,000. Finally, Leonteq Securities AG acquired a new position in Mobileye Global in the fourth quarter valued at approximately $33,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of MBLY opened at $8.71 on Friday. The company has a market capitalization of $7.09 billion, a P/E ratio of -17.78 and a beta of 0.58. Mobileye Global has a one year low of $8.32 and a one year high of $20.18. The business’s 50 day simple moving average is $10.58 and its 200-day simple moving average is $12.65.

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, meeting the consensus estimate of $0.06. The firm had revenue of $446.00 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, sell-side analysts anticipate that Mobileye Global will post 0.01 EPS for the current fiscal year.

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.