Mobileye Global (NASDAQ:MBLY) Given Buy Rating at Needham & Company LLC

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports. They presently have a $20.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 22.62% from the stock’s current price.

MBLY has been the subject of several other reports. Evercore ISI cut their target price on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Oppenheimer began coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a research report on Thursday, December 5th. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Mizuho reduced their price target on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global presently has a consensus rating of “Hold” and a consensus target price of $23.15.

Mobileye Global Stock Up 1.9 %

Shares of NASDAQ MBLY opened at $16.31 on Friday. The firm has a market capitalization of $13.23 billion, a P/E ratio of -4.47, a P/E/G ratio of 10.97 and a beta of 0.30. The stock’s 50-day simple moving average is $17.80 and its two-hundred day simple moving average is $16.09. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.63%. As a group, research analysts anticipate that Mobileye Global will post -0.05 EPS for the current fiscal year.

Institutional Trading of Mobileye Global

Several large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its position in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the period. FNY Investment Advisers LLC bought a new stake in Mobileye Global during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. increased its stake in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares in the last quarter. Quarry LP purchased a new position in shares of Mobileye Global during the 3rd quarter valued at $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mobileye Global in the 4th quarter worth $58,000. 13.25% of the stock is currently owned by institutional investors.

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.