Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price cut by research analysts at Robert W. Baird from $25.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective would indicate a potential upside of 42.86% from the company's current price.
MBLY has been the topic of several other research reports. Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Mizuho dropped their price target on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Loop Capital lifted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Barclays increased their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.55.
View Our Latest Report on MBLY
Mobileye Global Stock Performance
MBLY traded down $0.40 during midday trading on Tuesday, reaching $11.90. 2,681,057 shares of the company were exchanged, compared to its average volume of 5,437,618. The stock has a market capitalization of $9.65 billion, a P/E ratio of -3.12, a PEG ratio of 69.54 and a beta of 0.39. Mobileye Global has a one year low of $10.48 and a one year high of $33.26. The stock's 50-day simple moving average is $15.02 and its 200 day simple moving average is $15.85.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (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 0.34%. On average, research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.
Hedge Funds Weigh In On Mobileye Global
Several hedge funds and other institutional investors have recently made changes to their positions in MBLY. ARK Investment Management LLC lifted its stake in Mobileye Global by 89.4% in the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock valued at $2,825,000 after acquiring an additional 66,934 shares during the last quarter. Geode Capital Management LLC lifted its stake in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock valued at $19,615,000 after purchasing an additional 279,082 shares during the last quarter. 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 worth $26,000 after purchasing an additional 1,131 shares during the period. Handelsbanken Fonder AB bought a new position in Mobileye Global during the fourth quarter worth about $442,000. Finally, Yiheng Capital Management L.P. acquired a new position in Mobileye Global during the fourth quarter worth approximately $14,940,000. 13.25% of the stock is owned by institutional investors.
About Mobileye Global
(
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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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