Mobileye NV (MBLY) Cut to “Neutral” at Piper Jaffray Companies
Mobileye NV (NYSE:MBLY) was downgraded by Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a note issued to investors on Monday.
A number of other equities analysts have also recently commented on the company. Vetr cut Mobileye NV from a “buy” rating to a “hold” rating and set a $49.15 target price on the stock. in a report on Monday, March 13th. KeyCorp reissued an “equal weight” rating on shares of Mobileye NV in a report on Thursday, December 29th. Susquehanna Bancshares Inc began coverage on Mobileye NV in a report on Tuesday, December 20th. They set a “neutral” rating and a $40.00 price target on the stock. Needham & Company LLC began coverage on Mobileye NV in a report on Wednesday, November 30th. They set a “buy” rating and a $55.00 price target on the stock. Finally, CLSA reissued a “buy” rating and set a $58.00 price target on shares of Mobileye NV in a report on Wednesday, November 30th. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and four have given a buy rating to the company’s stock. Mobileye NV currently has an average rating of “Hold” and an average target price of $56.22.
Mobileye NV (NYSE:MBLY) opened at 61.67 on Monday. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 134.07 and a beta of 0.97. Mobileye NV has a 12 month low of $33.69 and a 12 month high of $61.91. The company has a 50 day moving average price of $58.74 and a 200 day moving average price of $44.73.
Mobileye NV (NYSE:MBLY) last announced its earnings results on Wednesday, February 22nd. The software maker reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Mobileye NV had a return on equity of 16.36% and a net margin of 29.07%. The company had revenue of $104.60 million for the quarter, compared to analysts’ expectations of $96.40 million. During the same period last year, the firm earned $0.15 EPS. Mobileye NV’s revenue for the quarter was up 45.7% compared to the same quarter last year. Analysts anticipate that Mobileye NV will post $1.04 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new position in Mobileye NV during the fourth quarter valued at approximately $109,000. Baldwin Brothers Inc. MA bought a new position in Mobileye NV during the first quarter valued at approximately $123,000. Ladenburg Thalmann Financial Services Inc. raised its position in Mobileye NV by 13.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,586 shares of the software maker’s stock valued at $178,000 after buying an additional 535 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in Mobileye NV during the third quarter valued at approximately $200,000. Finally, Brown Advisory Inc. bought a new position in Mobileye NV during the fourth quarter valued at approximately $206,000. Institutional investors own 72.23% of the company’s stock.
Mobileye NV 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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