Mobileye Global (NASDAQ:MBLY) Given Hold Rating at Westpark Capital

Westpark Capital restated their hold rating on shares of Mobileye Global (NASDAQ:MBLY) in a research note released on Wednesday, MarketBeat reports.

A number of other research analysts also recently issued reports on MBLY. HSBC began coverage on shares of Mobileye Global in a research note on Monday, July 15th. They issued a buy rating and a $33.00 price target for the company. TD Cowen boosted their price objective on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a buy rating in a research report on Friday, April 26th. Canaccord Genuity Group boosted their price objective on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a buy rating in a research report on Friday, April 26th. The Goldman Sachs Group reduced their price objective on shares of Mobileye Global from $40.00 to $32.00 and set a buy rating for the company in a research report on Wednesday, July 10th. Finally, Piper Sandler boosted their price objective on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a neutral rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $34.50.

Mobileye Global Stock Down 2.0 %

Shares of Mobileye Global stock opened at $15.96 on Wednesday. Mobileye Global has a 52-week low of $15.21 and a 52-week high of $44.48. The company has a 50 day moving average of $25.91 and a 200 day moving average of $27.62. The company has a market capitalization of $12.87 billion, a P/E ratio of -76.00, a P/E/G ratio of 29.75 and a beta of 0.13.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Mobileye Global during the 4th quarter worth $437,842,000. Baillie Gifford & Co. grew its stake in shares of Mobileye Global by 89.8% during the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock worth $513,925,000 after purchasing an additional 7,560,929 shares during the period. Kodai Capital Management LP acquired a new position in shares of Mobileye Global during the 4th quarter worth $148,924,000. Wellington Management Group LLP grew its stake in shares of Mobileye Global by 200.3% during the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after purchasing an additional 2,266,438 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of Mobileye Global during the 1st quarter worth $69,638,000. 13.25% of the stock is owned by institutional investors and hedge funds.

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.