Mobileye Global (NASDAQ:MBLY) Price Target Raised to $18.00 at Robert W. Baird

Mobileye Global (NASDAQ:MBLY) had its price objective upped by stock analysts at Robert W. Baird from $17.00 to $18.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 32.26% from the company’s current price.

MBLY has been the subject of a number of other research reports. Evercore ISI cut their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Wolfe Research lowered Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Morgan Stanley upgraded Mobileye Global from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $25.00 to $18.00 in a report on Friday, August 2nd. Fox Advisors downgraded shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Finally, Westpark Capital restated a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.75.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $13.61 on Friday. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $44.48. The firm has a market cap of $11.01 billion, a P/E ratio of -48.61 and a beta of 0.08. The stock has a fifty day moving average price of $12.75 and a two-hundred day moving average price of $20.93.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same period in the prior year, the company earned $0.11 EPS. Mobileye Global’s revenue was down 3.3% on a year-over-year basis. On average, research analysts predict that Mobileye Global will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mobileye Global news, Director Patrick P. Gelsinger bought 6,400 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $15.48 per share, with a total value of $99,072.00. Following the purchase, the director now owns 139,106 shares in the company, valued at $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Mobileye Global

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in Mobileye Global by 807.3% during the second quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock worth $254,832,000 after purchasing an additional 8,073,552 shares during the period. Janus Henderson Group PLC bought a new position in Mobileye Global in the first quarter valued at approximately $69,638,000. 1832 Asset Management L.P. lifted its stake in Mobileye Global by 5,308.1% during the first quarter. 1832 Asset Management L.P. now owns 2,206,500 shares of the company’s stock worth $70,939,000 after purchasing an additional 2,165,700 shares during the last quarter. M&G Plc acquired a new stake in shares of Mobileye Global in the 1st quarter valued at $39,709,000. Finally, Thornburg Investment Management Inc. bought a new position in shares of Mobileye Global in the 1st quarter valued at $28,105,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.