Mobileye Global (NASDAQ:MBLY) Coverage Initiated by Analysts at Loop Capital

Equities researchers at Loop Capital started coverage on shares of Mobileye Global (NASDAQ:MBLY) in a note issued to investors on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $20.00 price target on the stock. Loop Capital’s target price would suggest a potential upside of 15.54% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Westpark Capital reaffirmed a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a report on Wednesday, October 2nd. HSBC assumed coverage on shares of Mobileye Global in a report on Monday, July 15th. They issued a “buy” rating and a $33.00 target price on the stock. Morgan Stanley raised Mobileye Global from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $25.00 to $18.00 in a report on Friday, August 2nd. Finally, Barclays cut 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. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and a consensus target price of $23.05.

Mobileye Global Stock Up 2.2 %

NASDAQ:MBLY opened at $17.31 on Tuesday. The company has a market cap of $14.04 billion, a PE ratio of -4.74 and a beta of 0.07. The business’s 50 day moving average is $13.13 and its two-hundred day moving average is $19.95. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MBLY. Rakuten Securities Inc. lifted its holdings in Mobileye Global by 140.2% in 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. Cranbrook Wealth Management LLC acquired a new stake in Mobileye Global during the second quarter valued at approximately $84,000. Natixis Investment Managers International bought a new stake in Mobileye Global during the first quarter worth approximately $99,000. EverSource Wealth Advisors LLC boosted its holdings in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after buying an additional 3,478 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Mobileye Global in the second quarter worth approximately $147,000. Institutional investors own 13.25% of the company’s stock.

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.