UBS Group Has Lowered Expectations for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLY) had its target price reduced by UBS Group from $17.00 to $14.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 6.59% from the company’s previous close.

MBLY has been the topic of a number of other reports. Loop Capital upped their price target on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler upped their target price on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Barclays lifted their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Finally, Oppenheimer assumed coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.95.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY traded down $2.01 during midday trading on Thursday, reaching $13.13. 5,353,209 shares of the company’s stock were exchanged, compared to its average volume of 5,372,042. The firm has a market capitalization of $10.65 billion, a PE ratio of -3.46, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39. The company’s 50 day simple moving average is $15.59 and its two-hundred day simple moving average is $15.90. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $33.26.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBLY. Parkside Financial Bank & Trust increased its stake in shares of Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after acquiring an additional 737 shares during the last quarter. Global Retirement Partners LLC increased its stake in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares in the last quarter. Versant Capital Management Inc raised its holdings in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the period. Daymark Wealth Partners LLC grew its holdings in shares of Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after buying an additional 1,147 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Mobileye Global during the 4th quarter worth $30,000. 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.