Shares of Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report) were down 5.1% on Monday after Citigroup lowered their price target on the stock from $58.00 to $53.00. Citigroup currently has a buy rating on the stock. Mobileye Global traded as low as $27.36 and last traded at $27.72. Approximately 2,284,330 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 4,578,108 shares. The stock had previously closed at $29.20.
A number of other equities analysts also recently commented on the company. Robert W. Baird decreased their target price on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Needham & Company LLC restated a “buy” rating and issued a $36.00 price objective on shares of Mobileye Global in a report on Friday. Mizuho dropped their target price on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Piper Sandler boosted their price target on shares of Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Mobileye Global currently has an average rating of “Moderate Buy” and a consensus price target of $40.58.
Hedge Funds Weigh In On Mobileye Global
Several institutional investors and hedge funds have recently modified their holdings of MBLY. Barclays PLC purchased a new stake in Mobileye Global during the 3rd quarter valued at about $211,000. Natixis Advisors L.P. grew its holdings in shares of Mobileye Global by 166.9% during the third quarter. Natixis Advisors L.P. now owns 87,547 shares of the company’s stock valued at $3,638,000 after buying an additional 54,745 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $1,662,000. Platinum Investment Management Ltd. raised its holdings in Mobileye Global by 207.4% in the 3rd quarter. Platinum Investment Management Ltd. now owns 998,827 shares of the company’s stock worth $41,501,000 after acquiring an additional 673,906 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Mobileye Global in the 3rd quarter valued at approximately $35,374,000. 13.25% of the stock is currently owned by institutional investors.
Mobileye Global Stock Performance
The firm has a market capitalization of $22.57 billion, a P/E ratio of -133.33, a PEG ratio of 13.57 and a beta of -0.22. The firm has a 50-day moving average of $29.27 and a 200-day moving average of $33.27.
Mobileye Global (NASDAQ:MBLY – Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Mobileye Global had a positive return on equity of 1.75% and a negative net margin of 8.92%. The company had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $637.53 million. During the same period last year, the firm posted $0.27 earnings per share. Mobileye Global’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts forecast that Mobileye Global Inc. will post 0.14 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.