Mobileye Global (NASDAQ:MBLY) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Mobileye Global (NASDAQ:MBLY) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other research firms have also commented on MBLY. Bank of America dropped their target price on Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. UBS Group increased their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Wall Street Zen lowered shares of Mobileye Global from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Barclays upped their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Finally, TD Cowen cut their target price on Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and a consensus target price of $18.94.

Mobileye Global Stock Down 2.0%

Shares of MBLY traded down $0.26 during trading hours on Monday, reaching $12.43. 957,118 shares of the company traded hands, compared to its average volume of 5,365,283. The stock has a market capitalization of $10.13 billion, a PE ratio of -29.61, a price-to-earnings-growth ratio of 8.05 and a beta of 0.51. The stock has a fifty day simple moving average of $14.09 and a 200 day simple moving average of $15.09. Mobileye Global has a fifty-two week low of $11.58 and a fifty-two week high of $22.51.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $504.00 million for the quarter, compared to analyst estimates of $479.93 million. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Mobileye Global has set its FY 2025 guidance at EPS. Research analysts predict that Mobileye Global will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC grew its stake in shares of Mobileye Global by 27.5% during the first quarter. LPL Financial LLC now owns 188,698 shares of the company’s stock worth $2,716,000 after purchasing an additional 40,724 shares during the period. Raymond James Financial Inc. grew its stake in shares of Mobileye Global by 16.2% during the 1st quarter. Raymond James Financial Inc. now owns 803,852 shares of the company’s stock worth $11,571,000 after acquiring an additional 111,785 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Mobileye Global in the 1st quarter valued at $405,000. Vanguard Group Inc. increased its position in shares of Mobileye Global by 3.7% in the first quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company’s stock valued at $25,611,000 after acquiring an additional 63,261 shares during the last quarter. Finally, Primecap Management Co. CA lifted its stake in Mobileye Global by 9.0% in the first quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company’s stock valued at $28,303,000 after acquiring an additional 161,800 shares during 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.