Oppenheimer Begins Coverage on Mobileye Global (NASDAQ:MBLY)

Oppenheimer initiated coverage on shares of Mobileye Global (NASDAQ:MBLY) in a research note published on Wednesday morning,Benzinga reports. The brokerage issued an outperform rating and a $28.00 price target on the stock.

A number of other research analysts also recently issued reports on MBLY. Robert W. Baird boosted their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group cut their price target on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Loop Capital lifted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Mizuho boosted their target price on shares of Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Barclays reduced their price target on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Two 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’s stock. According to data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average target price of $23.67.

Mobileye Global Stock Up 3.7 %

MBLY stock opened at $16.73 on Wednesday. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of -4.58, a PEG ratio of 13.46 and a beta of 0.30. The company’s fifty day simple moving average is $17.81 and its 200 day simple moving average is $16.85. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Mobileye Global in the 4th quarter valued at about $30,000. Rakuten Securities Inc. lifted its position in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after buying an additional 1,061 shares in the last quarter. Quarry LP purchased a new position in shares of Mobileye Global in the 3rd quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Mobileye Global by 1,019.9% in the second 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 in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.