Canaccord Genuity Group Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $25.00

Mobileye Global (NASDAQ:MBLY) had its target price decreased by Canaccord Genuity Group from $27.00 to $25.00 in a report published on Friday morning, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages have also issued reports on MBLY. Mizuho lowered shares of Mobileye Global from an “outperform” rating to a “neutral” rating and cut their target price for the company from $30.00 to $13.00 in a research report on Friday, October 11th. TD Cowen increased their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday. Hsbc Global Res upgraded shares of Mobileye Global to a “strong-buy” rating in a research report on Monday, July 15th. Daiwa Capital Markets downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, Daiwa America downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.20.

Mobileye Global Trading Down 6.4 %

NASDAQ MBLY opened at $14.57 on Friday. Mobileye Global has a one year low of $10.48 and a one year high of $44.48. The stock has a 50-day moving average of $12.77 and a 200 day moving average of $20.69.

Hedge Funds Weigh In On Mobileye Global

A number of large investors have recently made changes to their positions in MBLY. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the 2nd quarter valued at $84,000. Natixis Investment Managers International purchased a new stake in Mobileye Global in the first quarter valued at $99,000. EverSource Wealth Advisors LLC boosted its holdings in Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after purchasing an additional 3,478 shares during the last quarter. Lipe & Dalton boosted its holdings in Mobileye Global by 53.6% in the first quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock valued at $138,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Mobileye Global in the second quarter valued at $147,000. 13.25% of the stock is owned by institutional investors and hedge funds.

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.