Mobileye Global (NASDAQ:MBLY) Price Target Increased to $37.00 by Analysts at TD Cowen

Mobileye Global (NASDAQ:MBLY) had its target price upped by TD Cowen from $35.00 to $37.00 in a research note published on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the stock. Royal Bank of Canada dropped their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an outperform rating on the stock in a report on Friday, January 26th. Needham & Company LLC reduced their price objective on shares of Mobileye Global from $43.00 to $36.00 and set a buy rating for the company in a research report on Friday, January 5th. Wolfe Research upgraded shares of Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 price objective for the company in a research report on Friday, April 12th. Bank of America cut shares of Mobileye Global from a neutral rating to an underperform rating and reduced their price objective for the stock from $47.00 to $22.00 in a research report on Thursday, January 4th. Finally, Robert W. Baird reduced their price objective on shares of Mobileye Global from $43.00 to $42.00 and set an outperform rating for the company in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $41.70.

Mobileye Global Stock Down 5.5 %

NASDAQ MBLY opened at $29.20 on Friday. The firm has a market cap of $23.54 billion, a PE ratio of -139.04, a price-to-earnings-growth ratio of 14.36 and a beta of -0.21. The company has a 50 day moving average price of $29.23 and a 200 day moving average price of $33.40. Mobileye Global has a 52 week low of $23.49 and a 52 week high of $47.41.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.75%. Mobileye Global’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities research analysts anticipate that Mobileye Global will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Patrick P. Gelsinger acquired 3,600 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the transaction, the director now owns 129,095 shares in the company, valued at $3,582,386.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Barclays PLC purchased a new position in Mobileye Global during the third quarter worth about $211,000. Natixis Advisors L.P. boosted its stake in Mobileye Global by 166.9% during the third quarter. Natixis Advisors L.P. now owns 87,547 shares of the company’s stock worth $3,638,000 after buying an additional 54,745 shares during the period. TrueMark Investments LLC purchased a new position in Mobileye Global during the fourth quarter worth about $1,662,000. Platinum Investment Management Ltd. boosted its stake in Mobileye Global by 207.4% during the third quarter. Platinum Investment Management Ltd. now owns 998,827 shares of the company’s stock worth $41,501,000 after buying an additional 673,906 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Mobileye Global in the third quarter valued at approximately $35,374,000. 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.