Mobileye Global (NASDAQ:MBLY) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Mobileye Global (NASDAQ:MBLY) in a research report sent to investors on Monday morning, MarketBeat reports. The firm currently has a $10.00 target price on the stock, down from their prior target price of $16.00.

A number of other brokerages also recently issued reports on MBLY. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $15.00 price target on shares of Mobileye Global in a research report on Tuesday, September 10th. Morgan Stanley upgraded Mobileye Global from an underweight rating to an equal weight rating and lowered their price target for the stock from $25.00 to $18.00 in a research report on Friday, August 2nd. BNP Paribas downgraded Mobileye Global from a neutral rating to an underperform rating and set a $12.00 price target for the company. in a research report on Wednesday, October 2nd. HSBC initiated coverage on Mobileye Global in a research report on Monday, July 15th. They issued a buy rating and a $33.00 price target for the company. Finally, Robert W. Baird lowered their price target on Mobileye Global from $40.00 to $29.00 and set an outperform rating for the company in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global presently has an average rating of Hold and an average target price of $28.10.

Mobileye Global Trading Up 1.8 %

NASDAQ MBLY opened at $12.29 on Monday. Mobileye Global has a one year low of $10.48 and a one year high of $44.48. The stock has a 50 day moving average price of $13.41 and a 200-day moving average price of $22.92.

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

Insider Buying and Selling at Mobileye Global

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

Hedge Funds Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Register Financial Advisors LLC acquired a new position in Mobileye Global in the 1st quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new position in Mobileye Global in the 4th quarter worth approximately $77,000. Cranbrook Wealth Management LLC acquired a new position in Mobileye Global in the 2nd quarter worth approximately $84,000. Natixis Investment Managers International acquired a new position in Mobileye Global in the 1st quarter worth approximately $99,000. Finally, PNC Financial Services Group Inc. increased its holdings in Mobileye Global by 64.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock worth $162,000 after buying an additional 1,470 shares during the period. 13.25% of the stock is owned by hedge funds and other institutional investors.

About Mobileye Global

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.