Analysts Set Mobileye Global Inc. (NASDAQ:MBLY) PT at $21.00

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.55.

MBLY has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Mobileye Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Piper Sandler lifted their target price on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Barclays restated an “equal weight” rating and set a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $11.90 on Monday. The stock’s 50-day moving average is $15.02 and its two-hundred day moving average is $15.88. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $33.26. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of -3.12, a PEG ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY) last released its quarterly 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, research analysts predict that Mobileye Global will post 0.01 EPS 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 increased its stake 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 valued at $25,000 after acquiring an additional 737 shares during the last quarter. Global Retirement Partners LLC increased its position in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after purchasing an additional 932 shares during the last quarter. Versant Capital Management Inc raised 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 purchasing an additional 1,131 shares during the period. Daymark Wealth Partners LLC boosted its holdings in shares of Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after purchasing an additional 1,147 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global during the 4th quarter valued at $30,000. 13.25% of the stock is currently 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.