Mobileye Global Inc. (NASDAQ:MBLY) Receives $22.86 Average PT from Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received a consensus rating of “Hold” from the twenty-six ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.95.

MBLY has been the subject of several research analyst reports. 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 target price on shares of Mobileye Global in a research report on Thursday, December 5th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. TD Cowen boosted their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group cut their target price on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Mobileye Global Price Performance

NASDAQ MBLY opened at $16.15 on Friday. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The stock has a market capitalization of $13.10 billion, a PE ratio of -4.23, a PEG ratio of 69.54 and a beta of 0.26. The business has a fifty day moving average price of $17.48 and a two-hundred day moving average price of $15.57.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. As a group, sell-side analysts expect that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. increased its stake 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 buying an additional 1,061 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after purchasing an additional 737 shares during the last quarter. Versant Capital Management Inc grew its stake in 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 purchasing an additional 1,131 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global during the 4th quarter valued at $30,000. Finally, Quarry LP bought a new stake in shares of Mobileye Global during the 3rd quarter worth $31,000. 13.25% of the stock is 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.