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

Mobileye Global (NASDAQ:MBLY) had its target price lowered by stock analysts at UBS Group from $36.00 to $33.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 22.09% from the company’s current price.

MBLY has been the subject of a number of other reports. Morgan Stanley cut Mobileye Global from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $26.00 to $25.00 in a report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Mobileye Global in a research note on Friday, April 26th. Citigroup lowered their price objective on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, TD Cowen upped their price target on Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.88.

Mobileye Global Trading Up 1.0 %

Mobileye Global stock opened at $27.03 on Wednesday. The stock has a market cap of $21.79 billion, a P/E ratio of -128.71, a PEG ratio of 43.27 and a beta of 0.07. The company has a 50-day moving average price of $27.67 and a 200 day moving average price of $29.19. Mobileye Global has a 12-month low of $23.49 and a 12-month high of $45.10.

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

Insider Buying and Selling

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

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in MBLY. Venturi Wealth Management LLC increased its position in Mobileye Global by 33.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after buying an additional 400 shares during the period. Capital Investment Advisory Services LLC boosted its stake in Mobileye Global by 2.8% during the 4th 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 period. Green Alpha Advisors LLC increased its stake in Mobileye Global by 2.6% in 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 period. Principal Securities Inc. purchased a new stake in shares of Mobileye Global in the fourth quarter valued at about $28,000. Finally, Perigon Wealth Management LLC grew its holdings in shares of Mobileye Global by 6.7% during the first quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock worth $341,000 after buying an additional 664 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.