Mobileye Global (NASDAQ:MBLY) Now Covered by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Mobileye Global (NASDAQ:MBLY - Free Report) in a report released on Tuesday, MarketBeat reports. The firm issued a buy rating and a $20.00 price objective on the stock.

Several other equities analysts have also issued reports on MBLY. Evercore ISI decreased their price objective on Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, October 14th. 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. Royal Bank of Canada cut shares of Mobileye Global from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $24.00 to $11.00 in a research note on Tuesday, October 15th. Daiwa Capital Markets lowered Mobileye Global from a "buy" rating to a "neutral" rating in a research report on Monday, August 5th. Finally, Needham & Company LLC lowered their target price on Mobileye Global from $25.00 to $20.00 and set a "buy" rating for the company in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $23.05.

Mobileye Global Stock Up 1.7 %

Shares of NASDAQ:MBLY traded up $0.29 during trading on Tuesday, hitting $16.93. 6,517,757 shares of the stock traded hands, compared to its average volume of 5,040,690. The company has a market cap of $13.70 billion, a price-to-earnings ratio of -4.56 and a beta of 0.07. The company has a fifty day moving average price of $12.99 and a two-hundred day moving average price of $20.06. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $44.48.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in shares of Mobileye Global by 9.9% during the 1st quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company's stock worth $277,000 after acquiring an additional 774 shares in the last quarter. Rakuten Securities Inc. lifted its position in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after purchasing an additional 1,061 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Mobileye Global by 24.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock valued at $203,000 after acquiring an additional 1,248 shares during the last quarter. Guinness Atkinson Asset Management Inc grew its holdings in shares of Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock worth $119,000 after purchasing an additional 1,257 shares during the last quarter. Finally, Levin Capital Strategies L.P. increased its position in Mobileye Global by 11.1% in the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company's stock valued at $406,000 after acquiring an additional 1,441 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.