Brokerages Set Mobileye Global Inc. (NASDAQ:MBLY) PT at $22.95

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) has been given an average rating of "Hold" by the twenty-six ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.24.

A number of equities analysts have recently commented on MBLY shares. Barclays boosted their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Loop Capital increased their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Wolfe Research upgraded shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 5th. UBS Group increased 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, The Goldman Sachs Group lifted their price target on Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, February 24th.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently added to or reduced their stakes in MBLY. The Manufacturers Life Insurance Company grew its stake in shares of Mobileye Global by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock valued at $283,101,000 after purchasing an additional 621,062 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock worth $186,194,000 after purchasing an additional 4,517,217 shares during the period. Norges Bank purchased a new position in Mobileye Global in the 4th quarter valued at $95,937,000. Primecap Management Co. CA increased its stake in Mobileye Global by 2.3% in the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock valued at $35,944,000 after buying an additional 40,000 shares during the period. Finally, Vanguard Group Inc. raised its position in Mobileye Global by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock worth $34,181,000 after buying an additional 45,756 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

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Mobileye Global Price Performance

Shares of NASDAQ MBLY traded up $0.32 during midday trading on Thursday, hitting $14.56. The company's stock had a trading volume of 2,136,064 shares, compared to its average volume of 5,196,959. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of -3.81, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The business's fifty day simple moving average is $16.11 and its two-hundred day simple moving average is $15.63. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS 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%. Analysts anticipate that Mobileye Global will post 0.01 EPS for the current fiscal year.

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.