Mobileye Global (NASDAQ:MBLY) PT Raised to $32.00 at Piper Sandler

Mobileye Global (NASDAQ:MBLY) had its price target hoisted by research analysts at Piper Sandler from $31.00 to $32.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential upside of 9.59% from the company’s previous close.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group lifted their price objective on Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Mobileye Global in a research report on Friday. Raymond James cut their price objective on Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Royal Bank of Canada dropped their price target on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Finally, TD Cowen boosted their price target on Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.70.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $29.20 on Friday. Mobileye Global has a 1 year low of $23.49 and a 1 year high of $47.41. The company has a market cap of $23.54 billion, a PE ratio of -139.05, a P/E/G ratio of 13.57 and a beta of -0.21. The stock’s 50-day moving average is $29.23 and its 200 day moving average is $33.36.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a positive return on equity of 1.75% and a negative net margin of 8.92%. Mobileye Global’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. Analysts expect that Mobileye Global will post 0.14 EPS for the current fiscal year.

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger acquired 3,600 shares of the company’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $27.75 per share, with a total value of $99,900.00. Following the acquisition, the director now directly owns 129,095 shares of the company’s stock, valued at $3,582,386.25. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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