Mobileye Global (NASDAQ:MBLY) Given New $17.00 Price Target at Piper Sandler

Mobileye Global (NASDAQ:MBLY) had its price objective increased by stock analysts at Piper Sandler from $16.00 to $17.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 15.87% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Barclays lifted their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group lifted their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. The Goldman Sachs Group lifted 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. Loop Capital lifted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer initiated coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.24.

Mobileye Global Stock Up 0.9 %

MBLY traded up $0.13 on Thursday, reaching $14.67. The company had a trading volume of 177,447 shares, compared to its average volume of 5,201,144. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The stock has a market capitalization of $11.90 billion, a PE ratio of -3.84, a P/E/G ratio of 69.54 and a beta of 0.29. The stock has a 50-day moving average price of $16.18 and a 200-day moving average price of $15.62.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share 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%. As a group, analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Mobileye Global by 4.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company’s stock valued at $283,101,000 after purchasing an additional 621,062 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares in the last quarter. Norges Bank purchased a new stake in shares of Mobileye Global in the fourth quarter valued at about $95,937,000. Primecap Management Co. CA lifted its holdings in shares of Mobileye Global by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company’s stock valued at $35,944,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Mobileye Global by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company’s stock valued at $34,181,000 after purchasing an additional 45,756 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.