Renaissance Capital LLC Acquires 111,452 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Renaissance Capital LLC grew its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 116.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,355 shares of the company's stock after buying an additional 111,452 shares during the quarter. Mobileye Global makes up 2.7% of Renaissance Capital LLC's portfolio, making the stock its 19th largest position. Renaissance Capital LLC's holdings in Mobileye Global were worth $4,131,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. boosted its position in Mobileye Global by 140.2% during the third 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 during the last quarter. Versant Capital Management Inc raised its stake in shares of 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 in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the 4th quarter valued at approximately $30,000. Quarry LP bought a new position in shares of Mobileye Global in the third quarter valued at $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mobileye Global during the fourth quarter worth $58,000. Institutional investors own 13.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Oppenheimer assumed coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price target for the company. TD Cowen raised their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Wolfe Research raised Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. The Goldman Sachs Group cut their price objective on Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Loop Capital lifted their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $23.05.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded down $0.39 during midday trading on Friday, reaching $16.07. The company's stock had a trading volume of 2,790,274 shares, compared to its average volume of 7,528,105. The company has a market cap of $13.03 billion, a P/E ratio of -4.21, a P/E/G ratio of 11.32 and a beta of 0.26. The business's 50 day moving average price is $17.58 and its two-hundred day moving average price is $15.69. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts forecast that Mobileye Global Inc. will post 0.21 earnings per share for the current fiscal year.

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.