Mobileye Global Inc. (NASDAQ:MBLY) Given Average Recommendation of "Hold" by Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have received a consensus recommendation of "Hold" from the twenty-four ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $23.45.

A number of analysts have recently weighed in on MBLY shares. UBS Group lowered shares of Mobileye Global from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $20.00 to $14.00 in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. Wolfe Research upgraded Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Mizuho boosted their target price on Mobileye Global from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Barclays cut their price objective on shares of Mobileye Global from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, November 4th.

Mobileye Global Stock Performance

MBLY traded up $1.68 during trading on Friday, hitting $21.70. The stock had a trading volume of 8,090,693 shares, compared to its average volume of 7,154,646. The stock has a 50 day simple moving average of $17.30 and a two-hundred day simple moving average of $17.38. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The company has a market capitalization of $17.60 billion, a PE ratio of -5.95 and a beta of 0.30.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. increased its position in 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 purchasing an additional 1,061 shares during the period. Versant Capital Management Inc grew its holdings in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after purchasing an additional 1,131 shares during the period. Quarry LP bought a new position in shares of Mobileye Global during the third quarter worth $31,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global during the second quarter worth about $84,000. Finally, Quest Partners LLC bought a new stake in Mobileye Global during the 3rd quarter worth approximately $102,000. Institutional investors and hedge funds own 13.25% of the company's stock.

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.