Mobileye Global Inc. (NASDAQ:MBLY) Receives $22.95 Consensus Target Price from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has earned an average recommendation of “Hold” from the twenty-six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.24.

Several equities research analysts recently weighed in on MBLY shares. Mizuho cut their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Barclays upped their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $19.00 in a research note on Monday, February 10th. UBS Group raised their target price on Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Oppenheimer started coverage on Mobileye Global in a report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price target for the company.

Mobileye Global Trading Down 2.9 %

Shares of MBLY opened at $16.10 on Thursday. The stock has a market capitalization of $13.06 billion, a PE ratio of -4.21, a P/E/G ratio of 69.54 and a beta of 0.29. The firm’s 50 day moving average is $16.09 and its 200-day moving average is $15.70. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Equities research analysts predict that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust increased its holdings in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares during the period. Versant Capital Management Inc grew its position in shares of Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $30,000. Quarry LP acquired a new stake in shares of Mobileye Global in the third quarter valued at about $31,000. Finally, Global Retirement Partners LLC raised its position in shares of Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after acquiring an additional 932 shares during the last quarter. 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.