Mobileye N.V. (MBLY) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Mobileye N.V. (NYSE:MBLY) from a hold rating to a sell rating in a report published on Monday, July 24th.

A number of other equities analysts also recently weighed in on the stock. Jefferies Group LLC reissued a hold rating and issued a $63.54 price target on shares of Mobileye N.V. in a report on Thursday, July 6th. Royal Bank Of Canada reissued a hold rating and issued a $63.54 price target on shares of Mobileye N.V. in a report on Friday, May 19th. Vetr raised shares of Mobileye N.V. from a sell rating to a hold rating and set a $63.50 price target on the stock in a report on Wednesday, April 26th. Finally, Robert W. Baird cut Mobileye N.V. from an outperform rating to a neutral rating and set a $64.00 price objective on the stock. in a research note on Thursday, April 20th. Two investment 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 stock. Mobileye N.V. presently has a consensus rating of Hold and an average price target of $55.85.

Shares of Mobileye N.V. (MBLY) opened at 63.53 on Monday. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 124.57 and a beta of 0.90. Mobileye N.V. has a 52-week low of $33.69 and a 52-week high of $63.56. The firm’s 50-day moving average is $63.31 and its 200 day moving average is $58.85.

Mobileye N.V. (NYSE:MBLY) last posted its quarterly earnings data on Thursday, June 1st. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. The firm had revenue of $124.70 million for the quarter, compared to the consensus estimate of $118.52 million. Mobileye N.V. had a net margin of 29.43% and a return on equity of 17.78%. The business’s revenue for the quarter was up 65.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. On average, equities research analysts anticipate that Mobileye N.V. will post $1.05 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in MBLY. Baldwin Brothers Inc. MA acquired a new position in shares of Mobileye N.V. during the first quarter worth approximately $123,000. Chicago Capital Management LLC purchased a new position in Mobileye N.V. during the first quarter worth about $2,456,000. Sheets Smith Wealth Management purchased a new position in Mobileye N.V. during the first quarter worth about $553,000. Creative Planning increased its position in Mobileye N.V. by 332.1% in the first quarter. Creative Planning now owns 33,463 shares of the software maker’s stock worth $2,055,000 after buying an additional 25,718 shares during the period. Finally, Atlas Brown Inc. purchased a new position in Mobileye N.V. during the first quarter worth about $219,000. Institutional investors own 57.13% of the company’s stock.

About Mobileye N.V.

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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