Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report)’s stock price reached a new 52-week low on Monday after Daiwa Capital Markets downgraded the stock from a buy rating to a neutral rating. The company traded as low as $14.28 and last traded at $14.28, with a volume of 160497 shares. The stock had previously closed at $15.96.
MBLY has been the subject of several other reports. 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. The Goldman Sachs Group decreased their target price on Mobileye Global from $32.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday. Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. HSBC assumed coverage on Mobileye Global in a report on Monday, July 15th. They issued a “buy” rating and a $33.00 price target for the company. Finally, Needham & Company LLC lowered their target price on Mobileye Global from $36.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.58.
Insiders Place Their Bets
In related news, CEO Amnon Shashua acquired 631,963 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the purchase, the chief executive officer now directly owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.
Hedge Funds Weigh In On Mobileye Global
Several large investors have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC grew its stake in shares of Mobileye Global by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock valued at $637,000 after buying an additional 400 shares in the last quarter. Green Alpha Advisors LLC boosted its holdings 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 acquiring an additional 500 shares during the last quarter. Principal Securities Inc. bought a new position in Mobileye Global in the fourth quarter valued at about $28,000. Perigon Wealth Management LLC boosted its holdings in 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. Finally, National Bank of Canada FI raised its position in shares of Mobileye Global by 90.0% during the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after purchasing an additional 675 shares during the period. 13.25% of the stock is currently owned by institutional investors.
Mobileye Global Price Performance
The company has a market cap of $12.24 billion, a price-to-earnings ratio of -72.29, a price-to-earnings-growth ratio of 29.75 and a beta of 0.13. The stock has a 50-day moving average price of $25.70 and a 200 day moving average price of $27.52.
Mobileye Global (NASDAQ:MBLY – Get Free Report) 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 positive return on equity of 1.32% and a negative net margin of 12.14%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue was down 3.3% compared to the same quarter last year. Sell-side analysts expect that Mobileye Global Inc. will post 0.08 EPS for the current fiscal year.
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.