Mobileye N.V. (NYSE:MBLY) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday, June 28th.
A number of other research firms have also recently commented on MBLY. Vetr upgraded Mobileye N.V. from a “buy” rating to a “strong-buy” rating and set a $51.55 price objective on the stock in a report on Tuesday, February 28th. SunTrust Banks, Inc. cut Mobileye N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. Piper Jaffray Companies cut Mobileye N.V. from an “overweight” rating to a “neutral” rating in a report on Monday, March 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $63.54 price objective on shares of Mobileye N.V. in a report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $52.00 price objective on shares of Mobileye N.V. in a report on Monday, March 13th. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have given a buy rating to the company. Mobileye N.V. currently has a consensus rating of “Hold” and a consensus target price of $55.85.
Shares of Mobileye N.V. (NYSE:MBLY) traded down 0.03% during midday trading on Wednesday, hitting $63.33. The stock had a trading volume of 1,638,004 shares. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 124.18 and a beta of 0.91. Mobileye N.V. has a 52-week low of $33.69 and a 52-week high of $63.39. The firm’s 50 day moving average price is $62.99 and its 200 day moving average price is $56.71.
Mobileye N.V. (NYSE:MBLY) last released its quarterly earnings data on Thursday, June 1st. The software maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. Mobileye N.V. had a return on equity of 17.78% and a net margin of 29.43%. The firm had revenue of $124.70 million for the quarter, compared to analysts’ expectations of $118.52 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 65.8% on a year-over-year basis. On average, equities research analysts expect that Mobileye N.V. will post $1.05 earnings per share for the current year.
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Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Mobileye N.V. by 3,937.9% in the first quarter. BlackRock Inc. now owns 5,498,463 shares of the software maker’s stock worth $337,606,000 after buying an additional 5,362,292 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Mobileye N.V. by 86.2% in the first quarter. Canada Pension Plan Investment Board now owns 4,940,877 shares of the software maker’s stock worth $303,370,000 after buying an additional 2,288,007 shares during the last quarter. Credit Suisse AG increased its position in shares of Mobileye N.V. by 421.7% in the first quarter. Credit Suisse AG now owns 1,906,615 shares of the software maker’s stock worth $117,066,000 after buying an additional 1,541,147 shares during the last quarter. Norges Bank purchased a new position in shares of Mobileye N.V. during the fourth quarter worth approximately $58,191,000. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Mobileye N.V. by 6,426.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,233,500 shares of the software maker’s stock worth $75,737,000 after buying an additional 1,214,600 shares during the last quarter. 62.31% of the stock is currently owned by institutional investors and hedge funds.
Mobileye N.V. Company Profile
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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