Mobileye Global (NASDAQ:MBLY) Raised to Neutral at BNP Paribas

Mobileye Global (NASDAQ:MBLY - Get Free Report) was upgraded by research analysts at BNP Paribas from an "underperform" rating to a "neutral" rating in a research report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a $11.00 target price on the stock. BNP Paribas' price target would indicate a potential downside of 8.71% from the stock's current price.

Several other research analysts have also recently issued reports on MBLY. Robert W. Baird lowered their price objective on Mobileye Global from $25.00 to $17.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Mizuho lowered their price target on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Oppenheimer began coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price objective for the company. Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and increased their target price for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, UBS Group reduced their price target on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.50.

Mobileye Global Trading Up 2.4 %

Mobileye Global stock opened at $12.05 on Wednesday. The firm has a market capitalization of $9.77 billion, a P/E ratio of -3.15, a P/E/G ratio of 69.54 and a beta of 0.39. The stock's fifty day simple moving average is $14.82 and its 200-day simple moving average is $15.84. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $33.26.

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

Institutional Trading of Mobileye Global

A number of hedge funds have recently made changes to their positions in MBLY. Parkside Financial Bank & Trust lifted its holdings in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after buying an additional 737 shares in the last quarter. Versant Capital Management Inc increased its holdings in Mobileye Global by 580.0% during the 4th 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 last quarter. Rhumbline Advisers purchased a new position in shares of Mobileye Global during the 1st quarter valued at approximately $27,000. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global in the fourth quarter worth $30,000. Finally, Global Retirement Partners LLC boosted its stake in Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after acquiring an additional 932 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company's stock.

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.

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