JPMorgan Chase & Co. Lowers Mobileye Global (NASDAQ:MBLY) Price Target to $10.00

Mobileye Global (NASDAQ:MBLY) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $11.00 to $10.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 17.42% from the stock’s previous close.

Several other research firms have also recently issued reports on MBLY. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Oppenheimer initiated coverage on Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price target for the company. Mizuho decreased their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Mobileye Global in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group lowered their price target on Mobileye Global from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.55.

Mobileye Global Trading Down 1.5 %

Mobileye Global stock opened at $12.11 on Thursday. The firm has a 50 day simple moving average of $15.25 and a 200 day simple moving average of $15.86. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $33.26. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of -3.16, a P/E/G ratio of 69.54 and a beta of 0.39.

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

Hedge Funds Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently bought and sold shares of MBLY. Parkside Financial Bank & Trust boosted its stake in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after buying an additional 737 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. Rhumbline Advisers acquired a new stake in Mobileye Global during the first quarter valued at $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global during the 4th quarter worth about $30,000. Finally, Global Retirement Partners LLC increased its holdings in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after acquiring an additional 932 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.