Mobileye Global (NASDAQ:MBLY) Trading Up 3.7% – Should You Buy?

Shares of Mobileye Global Inc. (NASDAQ:MBLY) shot up 3.7% during trading on Thursday . The stock traded as high as $17.60 and last traded at $17.35. 755,694 shares traded hands during trading, a decline of 92% from the average session volume of 9,376,765 shares. The stock had previously closed at $16.73.

Analyst Upgrades and Downgrades

Several research firms recently commented on MBLY. Mizuho raised their price target on shares of Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Loop Capital lifted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, UBS Group cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $14.00 in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.67.

Mobileye Global Stock Up 1.7 %

The stock’s 50-day moving average is $17.83 and its 200-day moving average is $16.85. The firm has a market cap of $13.80 billion, a P/E ratio of -4.66, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30.

Hedge Funds Weigh In On Mobileye Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. BCGM Wealth Management LLC increased its position in Mobileye Global by 178.0% during the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after acquiring an additional 122,031 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after buying an additional 957,565 shares during the period. AXA S.A. increased its holdings in Mobileye Global by 35.6% in the 2nd quarter. AXA S.A. now owns 518,076 shares of the company’s stock valued at $14,550,000 after buying an additional 135,967 shares during the period. Geode Capital Management LLC increased its holdings in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after buying an additional 279,082 shares during the period. Finally, PFG Investments LLC bought a new stake in Mobileye Global in the 3rd quarter valued at $635,000. 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.