Mobileye Global (NASDAQ:MBLY) Downgraded by StockNews.com to Sell

Mobileye Global (NASDAQ:MBLY – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Other research analysts have also issued research reports about the company. Berenberg Bank began coverage on Mobileye Global in a report on Friday, May 5th. They set a “buy” rating and a $44.00 price objective for the company. Tigress Financial upped their price target on Mobileye Global from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Loop Capital increased their target price on Mobileye Global from $45.00 to $55.00 in a research note on Wednesday, April 26th. Needham & Company LLC increased their target price on Mobileye Global from $43.00 to $45.00 and gave the company a “buy” rating in a report on Friday, January 27th. Finally, Wolfe Research raised Mobileye Global from a “market perform” rating to an “outperform” rating and set a $46.00 target price on the stock in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.32.

Mobileye Global Trading Up 5.2 %

NASDAQ:MBLY opened at $42.48 on Wednesday. The business’s 50-day simple moving average is $39.98 and its 200-day simple moving average is $41.12. Mobileye Global has a fifty-two week low of $24.85 and a fifty-two week high of $48.11.

Mobileye Global (NASDAQ:MBLY – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $457.54 million. As a group, sell-side analysts anticipate that Mobileye Global will post 0.63 EPS for the current year.

Institutional Trading of Mobileye Global

Several large investors have recently modified their holdings of the business. Pendal Group Ltd acquired a new position in shares of Mobileye Global during the fourth quarter valued at approximately $474,000. Private Trust Co. NA acquired a new stake in shares of Mobileye Global in the 4th quarter valued at $140,000. OPTIMAS CAPITAL Ltd bought a new position in Mobileye Global in the 4th quarter worth $1,697,000. Van ECK Associates Corp bought a new position in shares of Mobileye Global during the 4th quarter worth about $469,000. Finally, Renaissance Capital LLC bought a new stake in Mobileye Global in the fourth quarter valued at about $607,000. 1.38% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Company Profile

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Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.