Mobileye Global (NASDAQ:MBLY) Trading Up 3.7% – Should You Buy?

Mobileye Global Inc. (NASDAQ:MBLY)’s share price was up 3.7% during mid-day trading on Thursday . The company traded as high as $17.60 and last traded at $17.35. Approximately 755,694 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 9,376,765 shares. The stock had previously closed at $16.73.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MBLY shares. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Mobileye Global in a research report on Wednesday, December 11th. The Goldman Sachs Group cut their price objective on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Barclays cut their price objective on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Oppenheimer began coverage on shares of Mobileye Global in a research report on Wednesday. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Mizuho lifted their price objective 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.67.

Mobileye Global Stock Performance

The company’s 50 day moving average price is $17.83 and its 200-day moving average price is $16.85. The company has a market cap of $13.80 billion, a price-to-earnings ratio of -4.66, a PEG ratio of 13.46 and a beta of 0.30.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after buying an additional 4,517,217 shares during the period. Loomis Sayles & Co. L P boosted its holdings in shares of Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock worth $22,856,000 after buying an additional 768,169 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after buying an additional 957,565 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after buying an additional 279,082 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Mobileye Global by 81.3% in the third quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock worth $8,355,000 after buying an additional 273,424 shares during the period. Institutional investors and hedge funds 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.