Mobileye Global (NASDAQ:MBLY) Price Target Cut to $33.00 by Analysts at UBS Group

Mobileye Global (NASDAQ:MBLY) had its price objective reduced by investment analysts at UBS Group from $36.00 to $33.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 25.19% from the stock’s current price.

Several other equities research analysts have also recently issued reports on MBLY. JPMorgan Chase & Co. raised their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. TD Cowen lifted their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Piper Sandler lifted their price objective on Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Mobileye Global in a research report on Friday, April 26th. Finally, Citigroup cut their target price on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.25.

Mobileye Global Trading Down 1.2 %

Shares of Mobileye Global stock traded down $0.32 during trading hours on Wednesday, hitting $26.36. 679,179 shares of the company were exchanged, compared to its average volume of 4,131,235. The stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of -125.52, a P/E/G ratio of 43.27 and a beta of 0.07. The business has a 50-day moving average of $27.78 and a 200-day moving average of $29.22. Mobileye Global has a 1 year low of $23.49 and a 1 year high of $45.10.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $239.00 million for the quarter, compared to analyst estimates of $226.60 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. As a group, research analysts anticipate that Mobileye Global will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger bought 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $28.17 per share, with a total value of $45,381.87. Following the purchase, the director now directly owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Patrick P. Gelsinger bought 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the transaction, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick P. Gelsinger bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $27.53 per share, with a total value of $55,060.00. Following the purchase, the director now directly owns 131,095 shares of the company’s stock, valued at $3,609,045.35. 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

A number of institutional investors have recently bought and sold shares of MBLY. Cetera Advisors LLC purchased a new position in shares of Mobileye Global in the first quarter worth approximately $1,654,000. Cetera Investment Advisers bought a new stake in shares of Mobileye Global in the 1st quarter valued at approximately $3,540,000. iA Global Asset Management Inc. raised its position in Mobileye Global by 76.4% during the first quarter. iA Global Asset Management Inc. now owns 20,031 shares of the company’s stock valued at $644,000 after acquiring an additional 8,675 shares in the last quarter. Tidal Investments LLC acquired a new stake in Mobileye Global in the first quarter valued at approximately $740,000. Finally, Levin Capital Strategies L.P. bought a new stake in Mobileye Global in the first quarter worth approximately $418,000. Hedge funds and other institutional investors 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.