Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Rating of “Hold” from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has received a consensus rating of “Hold” from the twenty-four research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $23.45.

A number of research firms have recently commented on MBLY. Loop Capital increased their price objective on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays dropped their price target on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Canaccord Genuity Group cut their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group dropped their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Finally, BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research note on Wednesday, October 2nd.

Institutional Trading of Mobileye Global

Several hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the period. Rakuten Securities Inc. increased its position in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the period. Quarry LP purchased a new position in shares of Mobileye Global during the 3rd quarter worth approximately $31,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global in the 2nd quarter valued at approximately $84,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after buying an additional 3,478 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $16.95 on Friday. The firm has a market capitalization of $13.75 billion, a PE ratio of -4.64 and a beta of 0.30. The business’s fifty day moving average price is $17.70 and its 200 day moving average price is $17.24. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $34.00.

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.