Wall Street Zen Downgrades Mobileye Global (NASDAQ:MBLY) to Sell

Mobileye Global (NASDAQ:MBLY) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research firms also recently commented on MBLY. Barclays upgraded Mobileye Global from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $17.00 to $16.00 in a report on Monday, January 5th. Mizuho reduced their price target on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Arete Research lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price objective for the company. in a research report on Tuesday, January 27th. Wolfe Research downgraded shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Finally, Morgan Stanley decreased their price target on shares of Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.89.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $9.05 on Friday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of -18.47 and a beta of 0.58. Mobileye Global has a one year low of $8.32 and a one year high of $20.18. The company has a 50 day moving average price of $10.11 and a 200 day moving average price of $12.27.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. As a group, equities analysts forecast that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Mobileye Global during the 2nd quarter valued at approximately $31,000. IFP Advisors Inc grew its position in shares of Mobileye Global by 465.7% during the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after buying an additional 1,495 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the first quarter worth approximately $27,000. Financial Management Professionals Inc. bought a new stake in shares of Mobileye Global in the fourth quarter worth $32,000. Finally, Leonteq Securities AG acquired a new stake in Mobileye Global in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.