Robert W. Baird Has Lowered Expectations for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLY) had its price objective reduced by Robert W. Baird from $25.00 to $17.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 31.38% from the company’s previous close.

Several other equities research analysts have also recently weighed in on MBLY. Piper Sandler upped their target price on Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. UBS Group lowered their price target on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Loop Capital lifted their price target on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Mobileye Global in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Mobileye Global currently has an average rating of “Hold” and a consensus price target of $20.55.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $12.94 on Tuesday. The business has a 50 day simple moving average of $15.41 and a 200-day simple moving average of $15.91. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $33.26. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -3.39, a PEG ratio of 69.54 and a beta of 0.39.

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

Hedge Funds Weigh In On Mobileye Global

Large investors have recently bought and sold shares of the business. HighTower Advisors LLC raised its position in shares of Mobileye Global by 141.6% during the 3rd quarter. HighTower Advisors LLC now owns 25,302 shares of the company’s stock worth $345,000 after acquiring an additional 14,829 shares in the last quarter. Stifel Financial Corp grew its position in shares of Mobileye Global by 101.8% in the 3rd quarter. Stifel Financial Corp now owns 179,236 shares of the company’s stock valued at $2,456,000 after buying an additional 90,436 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 in the last quarter. Virtu Financial LLC purchased a new position in shares of Mobileye Global during the third quarter worth about $229,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Mobileye Global in the 3rd quarter valued at about $273,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.