Mobileye Global (NASDAQ:MBLY) Now Covered by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Mobileye Global (NASDAQ:MBLY) in a research report report published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $20.00 price target on the stock.

A number of other brokerages have also commented on MBLY. Needham & Company LLC decreased their price target on shares of Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Westpark Capital restated a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. Barclays cut their price target on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. Finally, Hsbc Global Res upgraded Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.05.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $14.99 on Tuesday. The firm has a market cap of $12.16 billion, a P/E ratio of -4.11 and a beta of 0.07. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $44.48. The business’s 50 day simple moving average is $13.26 and its two-hundred day simple moving average is $19.83.

Hedge Funds Weigh In On Mobileye Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in Mobileye Global by 807.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock valued at $254,832,000 after buying an additional 8,073,552 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Mobileye Global during the 1st quarter worth about $69,638,000. 1832 Asset Management L.P. lifted 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 worth $70,939,000 after purchasing an additional 2,165,700 shares in the last quarter. Finally, M&G Plc purchased a new position in Mobileye Global during the 1st quarter valued at about $39,709,000. Institutional investors 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.