Mizuho Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $16.00

Mobileye Global (NASDAQ:MBLY) had its target price decreased by Mizuho from $17.00 to $16.00 in a report released on Friday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on MBLY. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 price target (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Barclays lifted their price target on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Canaccord Genuity Group reduced their price target on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 1st. Oppenheimer started coverage on Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Loop Capital raised their price objective on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.05.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $16.52 on Friday. Mobileye Global has a one year low of $10.48 and a one year high of $34.00. The business has a 50-day moving average price of $17.77 and a two-hundred day moving average price of $16.02.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.63%. As a group, analysts anticipate that Mobileye Global will post -0.05 earnings per share for the current year.

Institutional Trading of Mobileye Global

Institutional investors have recently bought and sold shares of the stock. Rakuten Securities Inc. boosted its stake in 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 buying an additional 1,061 shares in the last quarter. Versant Capital Management Inc boosted its stake in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global in the 4th quarter valued at $30,000. Quarry LP acquired a new stake in Mobileye Global in the 3rd quarter valued at $31,000. Finally, Global Retirement Partners LLC boosted its stake in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after buying an additional 932 shares in the last quarter. 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.