Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Rating of "Hold" from Analysts

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) has received an average rating of "Hold" from the twenty-six analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.05.

A number of research firms recently issued reports on MBLY. TD Cowen lifted their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, November 1st. BNP Paribas downgraded Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 price objective for the company. in a research note on Wednesday, October 2nd. Morgan Stanley raised shares of Mobileye Global from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $25.00 to $18.00 in a research note on Friday, August 2nd. Canaccord Genuity Group reduced their target price 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. Finally, Robert W. Baird upped their price target on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, November 1st.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in MBLY. The Manufacturers Life Insurance Company grew its position in Mobileye Global by 49.8% during the 3rd 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 last quarter. The Manufacturers Life Insurance Company raised its stake in Mobileye Global by 807.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company's stock valued at $254,832,000 after acquiring an additional 8,073,552 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Mobileye Global by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,347,269 shares of the company's stock worth $65,923,000 after acquiring an additional 94,946 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Mobileye Global by 5,308.1% in the 1st quarter. 1832 Asset Management L.P. now owns 2,206,500 shares of the company's stock valued at $70,939,000 after purchasing an additional 2,165,700 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Mobileye Global in the first quarter valued at approximately $69,638,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Stock Down 3.2 %

Shares of MBLY traded down $0.50 during mid-day trading on Friday, reaching $14.99. The company had a trading volume of 5,960,535 shares, compared to its average volume of 5,069,807. The stock has a 50 day moving average of $13.19 and a two-hundred day moving average of $19.92. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $44.48.

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.