West Tower Group LLC Invests $299,000 in Mobileye Global Inc. (NASDAQ:MBLY)

West Tower Group LLC bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MBLY. Parkside Financial Bank & Trust raised its position in shares of 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 acquiring an additional 737 shares during the last quarter. Versant Capital Management Inc lifted its stake in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new position in Mobileye Global in the fourth quarter valued at about $30,000. Quarry LP acquired a new position in Mobileye Global in the third quarter valued at about $31,000. Finally, Global Retirement Partners LLC lifted its stake in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after buying an additional 932 shares during the period. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $14.44 on Wednesday. The company has a market cap of $11.71 billion, a PE ratio of -3.78, a PEG ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The stock has a 50-day simple moving average of $16.23 and a 200 day simple moving average of $15.63.

Mobileye Global (NASDAQ:MBLY) 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 return on equity of 0.34% and a negative net margin of 186.82%. On average, research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Mizuho cut their target price on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Loop Capital increased their target price on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Friday, January 31st. Finally, The Goldman Sachs Group increased their price target on Mobileye Global from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued 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, Mobileye Global presently has a consensus rating of “Hold” and a consensus price target of $22.95.

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.