Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Recommendation of “Hold” from Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has been given an average rating of “Hold” by the twenty-three ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.8850.

Several research firms recently issued reports on MBLY. Arete Research lowered Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price objective for the company. in a research note on Tuesday, January 27th. Piper Sandler lowered their price target on Mobileye Global from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. UBS Group dropped 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. JPMorgan Chase & Co. raised Mobileye Global from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, January 6th. Finally, Morgan Stanley decreased their price objective on shares of Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd.

Hedge Funds Weigh In On Mobileye Global

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

Mobileye Global Price Performance

NASDAQ MBLY opened at $6.73 on Monday. Mobileye Global has a 1 year low of $6.68 and a 1 year high of $20.18. The stock has a market capitalization of $5.66 billion, a PE ratio of -13.73 and a beta of 0.59. The company’s 50 day simple moving average is $8.68 and its two-hundred day simple moving average is $11.18.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $446.00 million during the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. On average, research analysts anticipate that Mobileye Global will post 0.01 EPS for the current 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.