Mobileye Global (NASDAQ:MBLY) Given New $17.00 Price Target at UBS Group

Mobileye Global (NASDAQ:MBLY) had its price target hoisted by UBS Group from $14.00 to $17.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 1.43% from the company’s current price.

A number of other research analysts also recently issued reports on MBLY. Barclays lowered their price target on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Robert W. Baird upped their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Loop Capital increased their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group cut their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $23.81.

Mobileye Global Price Performance

NASDAQ MBLY traded up $0.03 during mid-day trading on Thursday, reaching $16.76. The stock had a trading volume of 4,596,319 shares, compared to its average volume of 9,762,170. The stock has a market cap of $13.59 billion, a PE ratio of -4.59, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The company has a fifty day moving average price of $17.83 and a 200 day moving average price of $16.85.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc grew its position 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 valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its position in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares during the last quarter. Quarry LP purchased a new position in shares of Mobileye Global in the third quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC increased its position in Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after purchasing an additional 3,478 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

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.