Mobileye Global (NASDAQ:MBLY) Given New $18.00 Price Target at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY) had its price objective lowered by The Goldman Sachs Group from $20.00 to $18.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group lowered their price target on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Barclays increased their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Oppenheimer began coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.05.

Mobileye Global Stock Up 1.3 %

NASDAQ MBLY opened at $16.52 on Friday. The business has a 50 day simple moving average of $17.77 and a 200 day simple moving average of $16.02. Mobileye Global has a one year low of $10.48 and a one year high of $34.00.

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

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in shares of Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after buying an additional 4,517,217 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after purchasing an additional 957,565 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of 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 purchasing an additional 768,169 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter worth about $12,202,000. Finally, Melqart Asset Management UK Ltd purchased a new stake in Mobileye Global in the third quarter valued at approximately $4,978,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.