Mobileye Global (NASDAQ:MBLY) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

Mobileye Global (NASDAQ:MBLY) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Monday,Finviz reports. The firm presently has a $19.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 29.52% from the stock’s previous close.

Several other research firms also recently weighed in on MBLY. Wall Street Zen downgraded shares of Mobileye Global from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Barclays increased their price objective on Mobileye Global from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group decreased their price target on Mobileye Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. UBS Group boosted their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Finally, Bank of America dropped their price target on shares of Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Mobileye Global presently has a consensus rating of “Hold” and a consensus price target of $19.50.

Mobileye Global Stock Performance

Mobileye Global stock opened at $14.67 on Monday. The company has a 50 day moving average price of $14.13 and a 200-day moving average price of $15.07. The company has a market capitalization of $11.96 billion, a PE ratio of -4.02, a P/E/G ratio of 9.23 and a beta of 0.52. Mobileye Global has a fifty-two week low of $11.12 and a fifty-two week high of $22.51.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The company had revenue of $506.00 million for the quarter, compared to the consensus estimate of $466.42 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. On average, analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Insider Transactions at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the transaction, the insider directly owned 50,000,000 shares of the company’s stock, valued at approximately $802,500,000. The trade was a 56.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently bought and sold shares of MBLY. Janney Montgomery Scott LLC acquired a new stake in Mobileye Global in the first quarter worth about $2,207,000. LPL Financial LLC increased its position in 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 buying an additional 40,724 shares during the last quarter. Raymond James Financial Inc. boosted its holdings 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 buying an additional 111,785 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Mobileye Global in the first quarter valued at approximately $405,000. Finally, Vanguard Group Inc. grew its position in Mobileye Global by 3.7% during the first quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company’s stock worth $25,611,000 after buying an additional 63,261 shares in the last quarter. Institutional investors and hedge funds 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.