Loop Capital Begins Coverage on Mobileye Global (NASDAQ:MBLY)

Analysts at Loop Capital initiated coverage on shares of Mobileye Global (NASDAQ:MBLY) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. Loop Capital’s price objective would indicate a potential upside of 15.54% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Evercore ISI reduced their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Barclays decreased their price target on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Daiwa America lowered shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.05.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $17.31 on Tuesday. The firm’s 50-day moving average is $13.13 and its two-hundred day moving average is $19.95. The company has a market capitalization of $14.04 billion, a PE ratio of -4.74 and a beta of 0.07. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in Mobileye Global by 49.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after acquiring an additional 4,517,217 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Mobileye Global by 807.3% during the second quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock worth $254,832,000 after purchasing an additional 8,073,552 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Mobileye Global by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 2,347,269 shares of the company’s stock valued at $65,923,000 after purchasing an additional 94,946 shares during the period. 1832 Asset Management L.P. grew its holdings in Mobileye Global by 5,308.1% during the 1st quarter. 1832 Asset Management L.P. now owns 2,206,500 shares of the company’s stock valued at $70,939,000 after purchasing an additional 2,165,700 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Mobileye Global during the 1st quarter worth $69,638,000. 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.