Mobileye Global's (MBLY) "Buy" Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Mobileye Global (NASDAQ:MBLY - Free Report) in a report released on Wednesday,Benzinga reports. The firm currently has a $20.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Wolfe Research raised Mobileye Global from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Mizuho dropped their target price on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Loop Capital raised their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Oppenheimer started coverage on Mobileye Global in a research report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their target price on Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.24.

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Mobileye Global Stock Down 4.1 %

Shares of MBLY stock traded down $0.64 during mid-day trading on Wednesday, reaching $15.11. 3,792,728 shares of the company's stock traded hands, compared to its average volume of 5,289,919. The company's 50-day moving average price is $16.06 and its 200-day moving average price is $15.76. The company has a market cap of $12.25 billion, a P/E ratio of -3.96, a P/E/G ratio of 69.54 and a beta of 0.29. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $34.00.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share 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 0.34%. Equities analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock worth $20,909,000 after buying an additional 957,565 shares in the last quarter. ARK Investment Management LLC increased its holdings in Mobileye Global by 89.4% in the 4th quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock worth $2,825,000 after acquiring an additional 66,934 shares in the last quarter. Geode Capital Management LLC raised its stake in Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock worth $19,615,000 after acquiring an additional 279,082 shares during the period. Paloma Partners Management Co purchased a new position in Mobileye Global during the third quarter valued at approximately $2,598,000. Finally, Versant Capital Management Inc increased its stake in shares of Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after purchasing an additional 1,131 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

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.