Zacks Investment Research downgraded shares of Mobileye NV (NASDAQ:MBLY) from a buy rating to a hold rating in a report issued on Wednesday morning, Market Beat.com reports.

According to Zacks, “Mobileye N.V. engages in designing and developing software and related technologies for camera-based advanced driver assistance systems. The company offers software algorithms and EyeQ chips that perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris, and other obstacles; and detect roadway markings, such as lanes, road boundaries, barriers, and related items, as well as identify and read traffic signs and traffic lights. Mobileye N.V. is headquartered in Jerusalem, Israel. “

A number of other analysts have also recently weighed in on the stock. Morgan Stanley reaffirmed a buy rating on shares of Mobileye NV in a research report on Saturday, January 16th. William Blair reaffirmed a positive rating on shares of Mobileye NV in a research report on Thursday, January 14th. FBR & Co. reiterated a market perform rating and issued a $50.00 price objective on shares of Mobileye NV in a report on Monday, January 11th. Pacific Crest reiterated an equal weight rating on shares of Mobileye NV in a report on Friday, January 8th. Finally, Evercore ISI reiterated a buy rating and issued a $68.00 price objective on shares of Mobileye NV in a report on Wednesday, January 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $59.73.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. Beacon Capital Management purchased a new position in Mobileye NV during the fourth quarter valued at approximately $0. First American Bank boosted its position in Mobileye NV by 14.5% in the fourth quarter. First American Bank now owns 7,090 shares of the company’s stock valued at $300,000 after buying an additional 900 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Mobileye NV by 4.2% in the fourth quarter. Mizuho Asset Management Co. Ltd. now owns 29,787 shares of the company’s stock valued at $1,259,000 after buying an additional 1,187 shares during the period. Tipp Hill Capital Management purchased a new position in Mobileye NV during the fourth quarter valued at approximately $6,131,000. Finally, Premier Asset Managment LLC boosted its position in Mobileye NV by 4.2% in the fourth quarter. Premier Asset Managment LLC now owns 223,569 shares of the company’s stock valued at $9,452,000 after buying an additional 8,960 shares during the period.

Mobileye NV (NASDAQ:MBLY) traded down 5.39% during trading on Wednesday, hitting $28.77. The company had a trading volume of 2,782,690 shares. Mobileye NV has a 12 month low of $26.13 and a 12 month high of $64.48. The company has a market cap of $6.28 billion and a PE ratio of 186.82. The company’s 50 day moving average price is $38.47 and its 200-day moving average price is $48.12.

Mobileye NV (NASDAQ:MBLY) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $70.60 million for the quarter, compared to analysts’ expectations of $67.36 million. During the same period last year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 103.7% on a year-over-year basis. Equities analysts expect that Mobileye NV will post $0.47 earnings per share for the current year.

Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (NASDAQ:MBLY). The Company’s software algorithms and EyeQ system on a chip (SOC) perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Its products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items, as well as to identify and read traffic signs and traffic lights. It operates in two segments: the original equipment manufacturer segment and the AM segment. The OEM segment supplies the software algorithms and EyeQ chip that are the core technology of the complete ADAS to the Tier 1 companies that are the system integrators for the automotive industry. In the AM segment, it sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.

12 Month Chart for NASDAQ:MBLY

Get a free copy of the Zacks research report on Mobileye NV (MBLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mobileye NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye NV and related companies with MarketBeat.com's FREE daily email newsletter.