Mobileye Global Inc. (NASDAQ:MBLY) Receives $22.86 Average PT from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has earned a consensus recommendation of “Hold” from the twenty-six research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.95.

A number of research analysts recently weighed in on the company. Oppenheimer assumed coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price target on the stock. Barclays increased their target price on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Mobileye Global in a research note on Friday, January 31st. Mizuho dropped their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th.

Mobileye Global Stock Down 2.4 %

Mobileye Global stock opened at $15.76 on Friday. The company has a market capitalization of $12.78 billion, a PE ratio of -4.13, a PEG 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. The firm’s fifty day moving average is $17.45 and its 200 day moving average is $15.58.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data 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%. Sell-side analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Trading of Mobileye Global

A number of large investors have recently added to or reduced their stakes in MBLY. Raymond James & Associates boosted its stake in Mobileye Global by 81.3% in the third quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock valued at $8,355,000 after acquiring an additional 273,424 shares during the last quarter. Country Club Bank lifted its stake in Mobileye Global by 139.4% in the third quarter. Country Club Bank now owns 288,867 shares of the company’s stock valued at $4,157,000 after purchasing an additional 168,188 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Mobileye Global during the third quarter valued at $402,000. PFG Investments LLC purchased a new stake in Mobileye Global in the third quarter worth $635,000. Finally, Avitas Wealth Management LLC bought a new stake in shares of Mobileye Global in the third quarter valued at $137,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.