Mobileye Global Inc. (NASDAQ:MBLY) Receives $22.95 Average Target Price from Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have earned a consensus rating of “Hold” from the twenty-six brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $22.24.

Several equities analysts recently weighed in on MBLY shares. The Goldman Sachs Group raised their price target on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. Oppenheimer began coverage on Mobileye Global in a report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price target for the company. Barclays raised their price objective on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, UBS Group upped their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th.

Mobileye Global Stock Up 4.8 %

Shares of NASDAQ:MBLY opened at $15.26 on Thursday. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The stock’s 50 day moving average is $16.10 and its 200-day moving average is $15.66. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of -3.99, a PEG ratio of 69.54 and a beta of 0.29.

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

Institutional Trading of Mobileye Global

A number of institutional investors have recently modified their holdings of MBLY. Charles Schwab Investment Management Inc. boosted its stake in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after purchasing an additional 957,565 shares during the period. ARK Investment Management LLC lifted its holdings in shares of Mobileye Global by 89.4% in the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock worth $2,825,000 after buying an additional 66,934 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after acquiring an additional 279,082 shares during the period. Paloma Partners Management Co bought a new position in shares of Mobileye Global in the third quarter valued at approximately $2,598,000. Finally, Versant Capital Management Inc grew its stake in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after acquiring an additional 1,131 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

About Mobileye Global

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.