Mobileye Global Inc. (NASDAQ:MBLY) Given Average Recommendation of “Hold” by Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been assigned a consensus rating of “Hold” from the twenty-six ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $22.95.

A number of equities research analysts recently weighed in on MBLY shares. TD Cowen lifted their target price on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. The Goldman Sachs Group upped their target price on Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday. Mizuho lowered their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Barclays raised their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd.

Mobileye Global Stock Down 1.6 %

Shares of NASDAQ:MBLY opened at $16.15 on Friday. The firm has a fifty day moving average of $17.48 and a two-hundred day moving average of $15.57. The firm has a market capitalization of $13.10 billion, a P/E ratio of -4.23, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Mobileye Global

A number of hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust increased its holdings in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares during the last quarter. Versant Capital Management Inc grew its stake in 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 buying an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Mobileye Global in the 4th quarter valued at about $30,000. Global Retirement Partners LLC lifted its position in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after acquiring an additional 932 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

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.