Mobileye Global (NASDAQ:MBLY) Price Target Cut to $18.00 by Analysts at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY) had its price objective decreased by equities research analysts at The Goldman Sachs Group from $20.00 to $18.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 5.15% from the stock’s previous close.

MBLY has been the subject of a number of other reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Evercore ISI decreased their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Loop Capital upped their price target on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. UBS Group lifted their price target on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Hold” and an average target price of $23.05.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY traded up $0.81 during trading on Friday, hitting $17.12. The company’s stock had a trading volume of 4,721,731 shares, compared to its average volume of 8,226,514. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The business has a 50 day moving average price of $17.80 and a two-hundred day moving average price of $16.09. The company has a market capitalization of $13.88 billion, a PE ratio of -4.74, a P/E/G ratio of 10.97 and a beta of 0.30.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results 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 positive return on equity of 0.63% and a negative net margin of 164.13%. As a group, equities analysts expect that Mobileye Global will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Versant Capital Management Inc lifted its position in shares of Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after acquiring an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Mobileye Global in the 4th quarter valued at $30,000. Rakuten Securities Inc. increased its stake in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the last quarter. Quarry LP acquired a new stake in Mobileye Global in the 3rd quarter worth about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mobileye Global in the 4th quarter valued at about $58,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.