Mobileye Global (NASDAQ:MBLY) Downgraded by BNP Paribas

BNP Paribas lowered shares of Mobileye Global (NASDAQ:MBLY) from an outperform rating to a neutral rating in a report released on Monday morning, Marketbeat reports. BNP Paribas currently has $17.00 target price on the stock.

A number of other equities analysts have also weighed in on MBLY. Wolfe Research raised Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 price objective for the company in a research note on Friday, April 12th. Robert W. Baird dropped their price target on Mobileye Global from $40.00 to $29.00 and set an outperform rating for the company in a research note on Friday, August 2nd. Citigroup reduced their price objective on shares of Mobileye Global from $58.00 to $53.00 and set a buy rating on the stock in a research report on Monday, April 29th. Fox Advisors lowered shares of Mobileye Global from an overweight rating to an equal weight rating in a research report on Thursday, August 1st. Finally, TD Cowen raised their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the company a buy rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $32.89.

Mobileye Global Price Performance

MBLY opened at $15.89 on Monday. The company has a 50 day simple moving average of $25.07 and a two-hundred day simple moving average of $27.26. The firm has a market cap of $12.81 billion, a P/E ratio of -75.67, a PEG ratio of 29.75 and a beta of 0.13. Mobileye Global has a 1-year low of $14.33 and a 1-year high of $44.48.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. During the same quarter in the previous year, the company earned $0.11 EPS. Mobileye Global’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities analysts anticipate that Mobileye Global will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Mobileye Global

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

Hedge Funds Weigh In On Mobileye Global

Large investors have recently bought and sold shares of the business. Capital Investment Advisory Services LLC lifted its position in shares of Mobileye Global by 2.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock worth $637,000 after purchasing an additional 400 shares during the last quarter. Green Alpha Advisors LLC increased its stake in Mobileye Global by 2.6% in the 1st quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock worth $630,000 after buying an additional 500 shares during the period. Principal Securities Inc. bought a new stake in Mobileye Global during the 4th quarter valued at about $28,000. Perigon Wealth Management LLC boosted its position in Mobileye Global by 6.7% in the 1st quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock valued at $341,000 after buying an additional 664 shares during the period. Finally, National Bank of Canada FI grew its stake in Mobileye Global by 90.0% in the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after acquiring an additional 675 shares in the last quarter. 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.