Mobileye Global (NASDAQ:MBLY) Earns Equal Weight Rating from Barclays

Barclays reaffirmed their equal weight rating on shares of Mobileye Global (NASDAQ:MBLY - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have a $14.00 price objective on the stock, down from their prior price objective of $22.00.

A number of other research analysts also recently commented on the company. Robert W. Baird lowered their target price on Mobileye Global from $25.00 to $17.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of Mobileye Global in a research report on Wednesday, March 26th. Loop Capital boosted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Piper Sandler raised their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.55.

Mobileye Global Price Performance

NASDAQ MBLY traded down $0.40 on Tuesday, hitting $11.90. 2,681,057 shares of the company were exchanged, compared to its average volume of 5,437,618. The company's 50 day moving average price is $15.02 and its 200-day moving average price is $15.85. The firm has a market capitalization of $9.65 billion, a P/E ratio of -3.12, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted 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 return on equity of 0.34% and a negative net margin of 186.82%. As a group, equities analysts expect that Mobileye Global will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of Mobileye Global by 141.6% during the third quarter. HighTower Advisors LLC now owns 25,302 shares of the company's stock worth $345,000 after purchasing an additional 14,829 shares during the last quarter. Stifel Financial Corp grew its holdings in Mobileye Global by 101.8% during the 3rd quarter. Stifel Financial Corp now owns 179,236 shares of the company's stock worth $2,456,000 after acquiring an additional 90,436 shares during the last quarter. Geode Capital Management LLC increased its position in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock valued at $19,615,000 after acquiring an additional 279,082 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Mobileye Global in the third quarter worth about $229,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Mobileye Global during the third quarter worth approximately $273,000. 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.