Barclays Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $18.00

Mobileye Global (NASDAQ:MBLY) had its price objective decreased by Barclays from $19.00 to $18.00 in a report issued on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

MBLY has been the topic of several other reports. Canaccord Genuity Group decreased their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Daiwa America cut shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Hsbc Global Res upgraded shares of Mobileye Global to a “strong-buy” rating in a research report on Monday, July 15th. Fox Advisors cut Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Finally, HSBC began coverage on Mobileye Global in a research note on Monday, July 15th. They issued a “buy” rating and a $33.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.20.

Mobileye Global Trading Up 1.4 %

Shares of Mobileye Global stock opened at $15.44 on Monday. The business’s 50-day moving average price is $12.81 and its 200-day moving average price is $20.46. The firm has a market capitalization of $12.49 billion, a PE ratio of -4.23 and a beta of 0.07. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $44.48.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. lifted its position in Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares during the period. Cranbrook Wealth Management LLC purchased a new position in Mobileye Global during the 2nd quarter valued at about $84,000. Natixis Investment Managers International bought a new stake in Mobileye Global during the first quarter worth about $99,000. EverSource Wealth Advisors LLC grew its holdings 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 period. Finally, Lipe & Dalton increased its stake in shares of Mobileye Global by 53.6% during the first quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock valued at $138,000 after purchasing an additional 1,500 shares in the last quarter. 13.25% of the stock is currently 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.