Mobileye Global (NASDAQ:MBLY - Get Free Report) was upgraded by Bank of America from an "underperform" rating to a "neutral" rating in a research note issued on Monday, Marketbeat reports. The brokerage currently has a $19.00 price target on the stock, up from their prior price target of $12.00. Bank of America's target price points to a potential upside of 5.73% from the stock's current price.
Several other equities analysts have also weighed in on MBLY. UBS Group increased their price objective 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. Oppenheimer began coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price objective on the stock. Barclays increased their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 price objective on shares of Mobileye Global in a research report on Thursday, December 5th. Finally, Wolfe Research raised shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global currently has an average rating of "Hold" and an average target price of $22.86.
View Our Latest Analysis on Mobileye Global
Mobileye Global Stock Performance
NASDAQ:MBLY traded up $0.53 during trading hours on Monday, hitting $17.97. The stock had a trading volume of 3,024,807 shares, compared to its average volume of 7,348,200. Mobileye Global has a one year low of $10.48 and a one year high of $34.00. The company has a market cap of $14.57 billion, a price-to-earnings ratio of -4.70, a P/E/G ratio of 20.12 and a beta of 0.26. The business's 50 day moving average is $17.60 and its 200-day moving average is $15.54.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly 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 0.33%. On average, sell-side analysts anticipate that Mobileye Global will post 0.03 EPS for the current fiscal year.
Institutional Investors Weigh In On Mobileye Global
Large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in Mobileye Global by 147.4% during the fourth 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 grew its stake 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 buying an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global during the fourth quarter worth about $30,000. Global Retirement Partners LLC grew its stake in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after buying an additional 932 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Mobileye Global by 140.2% in 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 in the last quarter. 13.25% of the stock is currently 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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