Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) fell 5.6% during trading on Tuesday . The company traded as low as $13.77 and last traded at $13.59. 597,727 shares traded hands during trading, a decline of 89% from the average session volume of 5,269,976 shares. The stock had previously closed at $14.40.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Loop Capital increased their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. UBS Group boosted their target price on Mobileye Global from $14.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Oppenheimer initiated coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Mobileye Global from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Finally, Bank of America raised shares of 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. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.24.
Read Our Latest Analysis on Mobileye Global
Mobileye Global Stock Performance
The firm has a fifty day moving average of $15.83 and a 200-day moving average of $15.87. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of -3.45, a P/E/G ratio of 69.54 and a beta of 0.39.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted 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, analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.
Institutional Investors Weigh In On Mobileye Global
Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in Mobileye Global by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock valued at $283,101,000 after acquiring an additional 621,062 shares during the last quarter. Norges Bank acquired a new position in shares of Mobileye Global in the 4th quarter worth approximately $95,937,000. Primecap Management Co. CA increased its holdings in shares of Mobileye Global by 2.3% in the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock valued at $35,944,000 after acquiring an additional 40,000 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Mobileye Global by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after acquiring an additional 45,756 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Mobileye Global by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock worth $30,569,000 after purchasing an additional 8,340 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.
Mobileye Global Company Profile
(
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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