Mobileye Global (NASDAQ:MBLY) Receives Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Mobileye Global (NASDAQ:MBLY) in a report published on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has a $11.00 price objective on the stock.

MBLY has been the topic of several other research reports. Fox Advisors cut shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. UBS Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $14.00 in a report on Friday, October 4th. Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $25.00 to $18.00 in a report on Friday, August 2nd. Finally, Evercore ISI reduced their target price on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.14.

Mobileye Global Stock Performance

MBLY opened at $17.92 on Tuesday. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The firm’s fifty day moving average is $14.03 and its 200 day moving average is $19.21. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of -4.91 and a beta of 0.07.

Hedge Funds Weigh In On Mobileye Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. raised its stake in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares during the period. Quarry LP purchased a new stake in shares of Mobileye Global in the 3rd quarter valued at approximately $31,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Mobileye Global in the 2nd quarter valued at approximately $84,000. EverSource Wealth Advisors LLC raised its stake in shares of Mobileye Global by 1,019.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after acquiring an additional 3,478 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Mobileye Global in the 2nd quarter valued at approximately $147,000. 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.