Mobileye Global’s (MBLY) “Buy” Rating Reaffirmed at Needham & Company LLC

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating restated by Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $20.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 20.63% from the stock’s current price.

MBLY has been the subject of a number of other research reports. Barclays lifted their target price 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. Bank of America raised 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. Mizuho lowered their target price on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.24.

Mobileye Global Stock Up 8.7 %

Shares of MBLY stock opened at $16.58 on Wednesday. The stock has a 50 day moving average of $16.11 and a 200-day moving average of $15.69. The firm has a market cap of $13.45 billion, a PE ratio of -4.34, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $34.00.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its holdings in Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Mobileye Global by 580.0% in the 4th 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 during the period. FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global during the 4th quarter worth about $30,000. Quarry LP bought a new stake in Mobileye Global in the 3rd quarter valued at $31,000. Finally, Global Retirement Partners LLC lifted its holdings in Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.