Mobileye Global (NASDAQ:MBLY) Given New $17.00 Price Target at Piper Sandler

Mobileye Global (NASDAQ:MBLY) had its price target boosted by equities research analysts at Piper Sandler from $16.00 to $17.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 15.87% from the stock’s current price.

MBLY has been the subject of a number of other research reports. Loop Capital raised their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Mizuho cut their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays raised their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. Finally, The Goldman Sachs Group lifted their target price on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, eleven have issued 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, the company currently has a consensus rating of “Hold” and an average target price of $22.24.

Mobileye Global Stock Up 0.9 %

MBLY traded up $0.13 during trading on Thursday, reaching $14.67. The company’s stock had a trading volume of 177,447 shares, compared to its average volume of 5,201,144. The firm has a fifty day simple moving average of $16.18 and a two-hundred day simple moving average of $15.62. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The company has a market cap of $11.90 billion, a price-to-earnings ratio of -3.84, a PEG ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. As a group, equities analysts forecast that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors have recently modified their holdings of MBLY. Atria Investments Inc lifted its position in shares of Mobileye Global by 168.7% during the 3rd quarter. Atria Investments Inc now owns 26,860 shares of the company’s stock worth $368,000 after purchasing an additional 16,862 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Mobileye Global during the 3rd quarter worth $102,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Mobileye Global during the 3rd quarter worth $1,405,000. Advisors Asset Management Inc. lifted its position in shares of Mobileye Global by 63.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company’s stock worth $206,000 after purchasing an additional 5,819 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after purchasing an additional 957,565 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.