Mobileye Global (NASDAQ:MBLY) Given New $17.00 Price Target at Robert W. Baird

Mobileye Global (NASDAQ:MBLY) had its price objective cut by investment analysts at Robert W. Baird from $25.00 to $17.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 31.38% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Piper Sandler raised their price objective on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Barclays lifted their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Mizuho cut their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Oppenheimer started coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, UBS Group cut their price target on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mobileye Global currently has a consensus rating of “Hold” and an average target price of $20.55.

Mobileye Global Trading Down 0.1 %

Mobileye Global stock opened at $12.94 on Tuesday. The company has a market cap of $10.49 billion, a price-to-earnings ratio of -3.39, a PEG ratio of 69.54 and a beta of 0.39. The business’s 50 day simple moving average is $15.41 and its 200 day simple moving average is $15.91. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $33.26.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 research analysts forecast that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Mobileye Global

Several institutional investors have recently made changes to their positions in MBLY. Parkside Financial Bank & Trust boosted its stake in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after purchasing an additional 737 shares during the period. Versant Capital Management Inc boosted its position in shares of 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 during the last quarter. Rhumbline Advisers bought a new stake in Mobileye Global in the 1st quarter valued at $27,000. FNY Investment Advisers LLC purchased a new stake in Mobileye Global in the 4th quarter worth $30,000. Finally, Global Retirement Partners LLC grew its position 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 in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.