Mobileye Global (NASDAQ:MBLY - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They currently have a $20.00 price objective on the stock. Needham & Company LLC's price target points to a potential upside of 25.52% from the company's current price.
Other research analysts also recently issued reports about the stock. UBS Group upped their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Mizuho cut their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Friday. Oppenheimer assumed coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 target price for the company. Loop Capital increased their price target on Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, 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 note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $23.05.
Read Our Latest Research Report on MBLY
Mobileye Global Stock Performance
Shares of NASDAQ MBLY traded down $0.10 during trading on Friday, reaching $15.93. The company had a trading volume of 2,508,794 shares, compared to its average volume of 7,969,408. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00. The business's 50 day moving average price is $17.72 and its 200-day moving average price is $15.79. The stock has a market cap of $12.92 billion, a PE ratio of -4.17, a PEG ratio of 11.32 and a beta of 0.26.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.33%. Equities analysts anticipate that Mobileye Global will post 0.21 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of 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 buying an additional 4,517,217 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock valued at $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock valued at $22,856,000 after purchasing an additional 768,169 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Mobileye Global during the 4th quarter worth approximately $12,202,000. Finally, Alberta Investment Management Corp boosted its holdings in shares of Mobileye Global by 932.4% in the 4th quarter. Alberta Investment Management Corp now owns 566,737 shares of the company's stock valued at $11,289,000 after buying an additional 511,840 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.
About Mobileye Global
(
Get Free Report)
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.
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