Mobileye Global (NASDAQ:MBLY - Free Report) had its target price hoisted by The Goldman Sachs Group from $18.00 to $20.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.
Several other research firms also recently weighed in on MBLY. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $12.00 to $19.00 in a report on Monday, February 10th. UBS Group lifted their target price on Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of Mobileye Global in a report on Friday, January 31st. Loop Capital boosted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, Robert W. Baird upped their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $22.95.
View Our Latest Stock Report on MBLY
Mobileye Global Stock Down 1.6 %
NASDAQ:MBLY traded down $0.27 during trading hours on Monday, reaching $16.15. The company had a trading volume of 3,305,844 shares, compared to its average volume of 6,566,977. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of -4.23, a P/E/G ratio of 69.54 and a beta of 0.26. The business's 50-day simple moving average is $17.48 and its two-hundred day simple moving average is $15.57.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.04 EPS 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%. As a group, equities analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Shufro Rose & Co. LLC raised its position in Mobileye Global by 100.0% during the 4th quarter. Shufro Rose & Co. LLC now owns 20,000 shares of the company's stock valued at $398,000 after purchasing an additional 10,000 shares during the last quarter. Tidal Investments LLC lifted its stake in Mobileye Global by 30.9% in the fourth quarter. Tidal Investments LLC now owns 47,885 shares of the company's stock worth $954,000 after acquiring an additional 11,299 shares during the period. Tiger Pacific Capital LP bought a new stake in Mobileye Global in the fourth quarter valued at $2,681,000. Needham Investment Management LLC bought a new position in Mobileye Global in the 4th quarter worth $996,000. Finally, Light Street Capital Management LLC purchased a new stake in shares of Mobileye Global in the 4th quarter worth about $15,276,000. 13.25% of the stock is owned by hedge funds and other 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.
Further Reading
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