Mizuho Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $16.00

Mobileye Global (NASDAQ:MBLY - Free Report) had its price target lowered by Mizuho from $17.00 to $16.00 in a research note released on Friday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

MBLY has been the subject of several other reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of Mobileye Global in a report on Wednesday, December 11th. Canaccord Genuity Group reduced their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Oppenheimer initiated coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target on the stock. Finally, Wolfe Research upgraded shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Mobileye Global currently has an average rating of "Hold" and an average price target of $23.05.

Mobileye Global Price Performance

Shares of MBLY stock traded down $0.10 during trading hours on Friday, reaching $15.93. 2,508,794 shares of the stock were exchanged, compared to its average volume of 7,969,408. The business's fifty day moving average is $17.72 and its two-hundred day moving average is $15.79. The firm has a market capitalization of $12.92 billion, a P/E ratio of -4.17, a P/E/G ratio of 11.32 and a beta of 0.26. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.33%. As a group, equities research analysts predict that Mobileye Global will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of Mobileye Global

A number of institutional investors have recently modified their holdings of MBLY. Versant Capital Management Inc lifted its holdings in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after acquiring an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $30,000. Global Retirement Partners LLC boosted its holdings in 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 buying an additional 932 shares in the last quarter. Rakuten Securities Inc. grew 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 worth $25,000 after buying an additional 1,061 shares during the period. Finally, Quarry LP purchased a new position in Mobileye Global in the third quarter valued at about $31,000. 13.25% of the stock is currently owned by hedge funds and other 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.