Mobileye Global Inc. (NASDAQ:MBLY) Given Consensus Rating of “Hold” by Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has earned a consensus rating of “Hold” from the twenty-four ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.45.

Several analysts have recently issued reports on MBLY shares. Loop Capital increased their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Barclays reduced their price target on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, TD Cowen upped their target price on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $15.65 on Friday. The business’s 50 day simple moving average is $17.76 and its 200 day simple moving average is $17.24. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The company has a market capitalization of $12.69 billion, a P/E ratio of -4.29 and a beta of 0.30.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in shares of Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Mobileye Global by 4.6% in the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after acquiring an additional 1,617 shares during the period. Sanctuary Advisors LLC bought a new stake in Mobileye Global in the third quarter valued at approximately $273,000. Virtu Financial LLC acquired a new stake in Mobileye Global during the 3rd quarter valued at approximately $229,000. Finally, TCW Group Inc. raised its holdings in Mobileye Global by 0.8% during the 3rd quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock worth $5,653,000 after purchasing an additional 3,388 shares during 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.