Mobileye Global Inc. (NASDAQ:MBLY) Given Average Rating of “Hold” by Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has been given an average recommendation of “Hold” by the twenty-four research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.45.

MBLY has been the subject of a number of research analyst reports. Barclays reduced their target price on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. The Goldman Sachs Group reduced their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. UBS Group lowered 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 research note on Friday, October 4th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Wednesday, December 11th.

Mobileye Global Stock Down 7.7 %

MBLY opened at $15.65 on Friday. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $34.00. The company has a fifty day simple moving average of $17.76 and a 200 day simple moving average of $17.24. The stock has a market cap of $12.69 billion, a P/E ratio of -4.29 and a beta of 0.30.

Institutional Trading of Mobileye Global

Hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. lifted its position in Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares during 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 purchasing an additional 1,131 shares during the period. Guinness Atkinson Asset Management Inc grew its holdings in Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after buying an additional 1,257 shares in the last quarter. Levin Capital Strategies L.P. increased its position in Mobileye Global by 11.1% during the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock worth $406,000 after buying an additional 1,441 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of Mobileye Global by 4.6% during the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after buying an additional 1,617 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.