Mobileye Global (NASDAQ:MBLY) Downgraded by Fox Advisors to “Equal Weight”

Fox Advisors downgraded shares of Mobileye Global (NASDAQ:MBLY) from an overweight rating to an equal weight rating in a research report report published on Thursday morning, Marketbeat Ratings reports.

MBLY has been the subject of a number of other reports. JPMorgan Chase & Co. lowered Mobileye Global from an overweight rating to a neutral rating and dropped their price target for the company from $38.00 to $24.00 in a research report on Wednesday, July 31st. UBS Group dropped their price target on Mobileye Global from $36.00 to $33.00 and set a buy rating for the company in a research report on Wednesday, July 10th. Citigroup dropped their price target on Mobileye Global from $58.00 to $53.00 and set a buy rating for the company in a research report on Monday, April 29th. Barclays lowered their price objective on Mobileye Global from $43.00 to $40.00 and set an overweight rating for the company in a research report on Tuesday, July 16th. Finally, Needham & Company LLC reiterated a buy rating and issued a $36.00 price objective on shares of Mobileye Global in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $34.50.

Mobileye Global Price Performance

MBLY stock opened at $15.96 on Thursday. The business has a 50 day simple moving average of $25.91 and a 200-day simple moving average of $27.61. The firm has a market capitalization of $12.87 billion, a PE ratio of -76.00, a price-to-earnings-growth ratio of 29.75 and a beta of 0.13. Mobileye Global has a 1 year low of $15.21 and a 1 year high of $44.48.

Institutional Trading of Mobileye Global

Hedge funds have recently modified their holdings of the stock. TD Asset Management Inc raised its stake in shares of Mobileye Global by 59.2% in the fourth quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock valued at $6,068,000 after acquiring an additional 52,088 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Mobileye Global in the first quarter valued at $1,294,000. Pinebridge Investments L.P. raised its stake in shares of Mobileye Global by 70.4% in the fourth quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock valued at $10,537,000 after acquiring an additional 100,494 shares in the last quarter. Wells Fargo & Company MN raised its stake in Mobileye Global by 15.2% in the fourth quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock valued at $11,430,000 after buying an additional 34,763 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Mobileye Global by 2.2% in the fourth quarter. Assetmark Inc. now owns 108,331 shares of the company’s stock valued at $4,693,000 after buying an additional 2,346 shares in the last quarter. 13.25% of the stock is currently 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.