Mobileye Global (NASDAQ:MBLY) Given New $20.00 Price Target at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY) had its price objective cut by The Goldman Sachs Group from $24.00 to $20.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on MBLY. Westpark Capital reiterated a hold rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Daiwa America downgraded Mobileye Global from a strong-buy rating to a hold rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. Fox Advisors downgraded shares of Mobileye Global from an overweight rating to an equal weight rating in a report on Thursday, August 1st. Finally, UBS Group lowered their target price on shares of Mobileye Global from $22.00 to $20.00 and set a buy rating on the stock in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $29.10.

Mobileye Global Price Performance

MBLY stock opened at $12.39 on Tuesday. Mobileye Global has a one year low of $10.48 and a one year high of $44.48. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of -59.00 and a beta of 0.08. The company has a fifty day moving average price of $14.33 and a two-hundred day moving average price of $23.61.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. Mobileye Global’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. Research analysts anticipate that Mobileye Global will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Patrick P. Gelsinger bought 6,400 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the transaction, the director now directly owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Patrick P. Gelsinger bought 6,400 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the transaction, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Amnon Shashua purchased 631,963 shares of Mobileye Global stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Mobileye Global

Institutional investors have recently modified their holdings of the business. TD Asset Management Inc boosted its holdings in Mobileye Global by 59.2% in the fourth quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock valued at $6,068,000 after acquiring an additional 52,088 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Mobileye Global in the 1st quarter valued at $1,294,000. Pinebridge Investments L.P. increased its position in shares of Mobileye Global by 70.4% during the fourth quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock worth $10,537,000 after buying an additional 100,494 shares during the period. Wells Fargo & Company MN raised its stake in Mobileye Global by 15.2% during the fourth quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock worth $11,430,000 after buying an additional 34,763 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Mobileye Global by 258.7% in the second quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock valued at $9,448,000 after buying an additional 242,640 shares during the period. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.