Brokerages Set Mobileye Global Inc. (NASDAQ:MBLY) Target Price at $22.95

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given an average recommendation of “Hold” by the twenty-six research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $22.24.

Several brokerages recently commented on MBLY. UBS Group increased their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Barclays increased their price target on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Mizuho dropped their target price on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Loop Capital boosted their price target on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.

Mobileye Global Stock Performance

Mobileye Global stock opened at $15.26 on Thursday. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00. The stock has a market capitalization of $12.38 billion, a P/E ratio of -3.99, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The stock has a fifty day moving average of $16.10 and a 200-day moving average of $15.66.

Mobileye Global (NASDAQ:MBLY) last released its 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 net margin of 186.82% and a negative return on equity of 0.34%. On average, research analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its position in shares of Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after buying an additional 737 shares during the period. Versant Capital Management Inc boosted its stake in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global in the fourth quarter worth $30,000. Quarry LP bought a new stake in Mobileye Global in the third quarter valued at $31,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

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.