Mobileye Global (NASDAQ:MBLY) Shares Up 6.7% – Still a Buy?

Mobileye Global Inc. (NASDAQ:MBLY)’s stock price traded up 6.7% during mid-day trading on Friday . The stock traded as high as $17.12 and last traded at $17.40. 527,981 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 8,024,903 shares. The stock had previously closed at $16.31.

Analysts Set New Price Targets

MBLY has been the topic of a number of recent research reports. UBS Group increased their price target on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 target price (down previously from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a research report on Thursday, December 5th. Finally, TD Cowen lifted their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $23.15.

Mobileye Global Trading Up 6.3 %

The firm’s fifty day moving average price is $17.80 and its 200 day moving average price is $16.09. The firm has a market capitalization of $14.06 billion, a PE ratio of -4.78, a P/E/G ratio of 10.97 and a beta of 0.30.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.63%. On average, analysts predict that Mobileye Global Inc. will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors have recently added to or reduced their stakes in MBLY. The Manufacturers Life Insurance Company boosted its stake in shares of Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after acquiring an additional 4,517,217 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock worth $22,856,000 after acquiring an additional 768,169 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after buying an additional 957,565 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after acquiring an additional 279,082 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Mobileye Global in the 4th quarter valued at approximately $12,202,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Company Profile

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.