Mobileye Global (NASDAQ:MBLY) Rating Lowered to Neutral at UBS Group

Mobileye Global (NASDAQ:MBLY) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Friday, MarketBeat.com reports. They currently have a $14.00 target price on the stock, down from their previous target price of $20.00. UBS Group’s price target would suggest a potential upside of 8.28% from the company’s previous close.

A number of other research firms have also issued reports on MBLY. Morgan Stanley raised Mobileye Global from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $25.00 to $18.00 in a report on Friday, August 2nd. JPMorgan Chase & Co. downgraded shares of Mobileye Global from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $24.00 in a report on Wednesday, July 31st. Westpark Capital restated a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. Finally, Needham & Company LLC reduced their price objective on Mobileye Global from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.80.

Mobileye Global Trading Up 4.4 %

MBLY stock opened at $12.93 on Friday. The firm’s 50-day moving average is $13.99 and its two-hundred day moving average is $23.42. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of -61.57 and a beta of 0.08. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, equities research analysts predict that Mobileye Global will post -0.06 earnings per share for the current year.

Insider Buying and Selling at Mobileye Global

In other news, CEO Amnon Shashua acquired 631,963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Amnon Shashua acquired 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patrick P. Gelsinger acquired 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the transaction, the director now owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Green Alpha Advisors LLC grew its holdings in Mobileye Global by 2.6% during the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after purchasing an additional 500 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Mobileye Global by 6.7% in the first quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock valued at $341,000 after purchasing an additional 664 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Mobileye Global by 9.9% in the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after purchasing an additional 774 shares during the period. Register Financial Advisors LLC acquired a new position in shares of Mobileye Global during the 1st quarter worth about $32,000. Finally, Pinnacle Associates Ltd. grew its holdings in Mobileye Global by 15.7% in the 1st quarter. Pinnacle Associates Ltd. now owns 8,840 shares of the company’s stock valued at $284,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.