Brokerages Set Mobileye Global Inc. (NASDAQ:MBLY) PT at $21.00

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received an average recommendation of “Hold” from the twenty-six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $20.55.

Several brokerages have issued reports on MBLY. Oppenheimer assumed coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price objective for the company. Mizuho dropped their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a report on Wednesday, March 26th. UBS Group lowered their target price on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, Piper Sandler increased their price target on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the business. ARK Investment Management LLC boosted its stake in Mobileye Global by 89.4% in the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock valued at $2,825,000 after acquiring an additional 66,934 shares during the period. Geode Capital Management LLC boosted its position in Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after purchasing an additional 279,082 shares during the period. Versant Capital Management Inc grew its stake in 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 buying an additional 1,131 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in Mobileye Global in the fourth quarter worth $442,000. Finally, Yiheng Capital Management L.P. bought a new stake in Mobileye Global in the fourth quarter valued at $14,940,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 3.3 %

NASDAQ:MBLY opened at $11.90 on Monday. The firm’s fifty day simple moving average is $15.02 and its 200 day simple moving average is $15.88. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $33.26. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of -3.12, a PEG ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data 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 return on equity of 0.34% and a negative net margin of 186.82%. On average, analysts predict that Mobileye Global will post 0.01 earnings per share for the current 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.