Mobileye Global (NASDAQ:MBLY) Shares Gap Down – What’s Next?

Mobileye Global Inc. (NASDAQ:MBLY) gapped down prior to trading on Wednesday . The stock had previously closed at $16.71, but opened at $16.33. Mobileye Global shares last traded at $16.17, with a volume of 589,212 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MBLY shares. UBS Group increased 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. Mizuho raised their price target on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a research note on Wednesday, October 2nd. Barclays boosted their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Wolfe Research raised shares of 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 issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.20.

Mobileye Global Stock Performance

The company has a market capitalization of $12.94 billion, a P/E ratio of -4.41, a PEG ratio of 11.65 and a beta of 0.30. The stock has a 50 day moving average price of $17.84 and a 200 day moving average price of $16.09.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its holdings in Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares during the last quarter. Versant Capital Management Inc increased its holdings in Mobileye Global by 580.0% in the 4th 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. FNY Investment Advisers LLC purchased a new stake in Mobileye Global in the 4th quarter worth about $30,000. Quarry LP purchased 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 worth about $58,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.