Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have been given an average recommendation of "Hold" by the twenty-six ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $23.24.

Several research analysts have commented on MBLY shares. UBS Group downgraded shares of Mobileye Global from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $20.00 to $14.00 in a report on Friday, October 4th. Canaccord Genuity Group lowered their target price on shares of Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a report on Friday, November 1st. BNP Paribas downgraded Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 price objective on the stock. in a research report on Wednesday, October 2nd. Evercore ISI decreased their price target on shares of Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, October 14th. Finally, Needham & Company LLC lowered their price objective on shares of Mobileye Global from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, November 1st.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its stake in shares of Mobileye Global by 140.2% in 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 last quarter. Quarry LP purchased a new position in shares of Mobileye Global in the third quarter valued at approximately $31,000. Cranbrook Wealth Management LLC acquired a new position in Mobileye Global in the 2nd quarter valued at $84,000. Quest Partners LLC purchased a new position in Mobileye Global in the 3rd quarter valued at $102,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock worth $107,000 after purchasing an additional 3,478 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Stock Down 3.0 %

NASDAQ MBLY traded down $0.53 during trading hours on Tuesday, reaching $16.98. The company's stock had a trading volume of 9,877,994 shares, compared to its average volume of 5,163,866. The firm's 50-day moving average price is $15.03 and its 200-day moving average price is $18.41. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $44.48. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of -4.65 and a beta of 0.43.

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.