Mobileye Global Inc. (NASDAQ:MBLY) Given Average Recommendation of “Hold” by Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has been given an average recommendation of “Hold” by the twenty-six analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $22.95.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research report on Thursday, December 5th. Barclays upped 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. Mizuho decreased their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. UBS Group upped their target price on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group raised their target price on Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, February 24th.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. increased its position in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Mobileye Global by 147.4% during the fourth 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 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 buying an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Mobileye Global in the fourth quarter valued at $30,000. Finally, Quarry LP bought a new stake in Mobileye Global during the third quarter valued at $31,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Trading Down 2.4 %

Shares of MBLY stock opened at $15.76 on Friday. The stock has a market cap of $12.78 billion, a P/E ratio of -4.13, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The stock has a 50 day simple moving average of $17.45 and a 200 day simple moving average of $15.58.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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%. Analysts forecast that Mobileye Global will post 0.01 EPS for the current year.

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.