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

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a report issued on Friday, Benzinga reports. They currently have a $36.00 price objective on the stock. Needham & Company LLC’s target price would suggest a potential upside of 23.29% from the company’s previous close.

MBLY has been the subject of a number of other reports. Bank of America cut Mobileye Global from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $47.00 to $22.00 in a report on Thursday, January 4th. TD Cowen lifted their price target on Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley cut Mobileye Global from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $26.00 to $25.00 in a report on Friday. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a report on Friday, April 12th. Finally, Robert W. Baird cut their price target on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Mobileye Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.70.

Mobileye Global Price Performance

Shares of MBLY stock opened at $29.20 on Friday. The stock has a market cap of $23.54 billion, a P/E ratio of -139.05, a price-to-earnings-growth ratio of 13.57 and a beta of -0.21. Mobileye Global has a one year low of $23.49 and a one year high of $47.41. The stock has a fifty day moving average price of $29.23 and a 200 day moving average price of $33.36.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $637.53 million. Mobileye Global had a positive return on equity of 1.75% and a negative net margin of 8.92%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. Equities research analysts anticipate that Mobileye Global will post 0.14 EPS for the current year.

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger bought 3,600 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the transaction, the director now owns 129,095 shares of the company’s stock, valued at $3,582,386.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently modified their holdings of MBLY. CWM LLC acquired a new position in shares of Mobileye Global during the 3rd quarter worth about $25,000. Principal Securities Inc. acquired a new position in shares of Mobileye Global during the 4th quarter worth about $28,000. Register Financial Advisors LLC acquired a new position in shares of Mobileye Global during the 1st quarter worth about $32,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Mobileye Global during the 3rd quarter valued at about $35,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Mobileye Global by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 300 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.