Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Rating of “Hold” from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given a consensus recommendation of “Hold” by the twenty-six brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $23.05.

Several analysts recently weighed in on MBLY shares. TD Cowen lifted their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wolfe Research downgraded shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Robert W. Baird boosted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price target 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. Finally, Loop Capital started coverage on shares of Mobileye Global in a research report on Tuesday. They set a “buy” rating and a $20.00 price target on the stock.

Mobileye Global Stock Down 10.5 %

Shares of NASDAQ:MBLY opened at $15.49 on Friday. The company has a market cap of $12.56 billion, a PE ratio of -4.24 and a beta of 0.07. The company’s 50-day moving average price is $13.19 and its 200 day moving average price is $19.92. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently bought and sold shares of MBLY. Oppenheimer Asset Management Inc. bought a new position in Mobileye Global during the first quarter worth $220,000. Sei Investments Co. increased its position in Mobileye Global by 11.6% during the first quarter. Sei Investments Co. now owns 144,060 shares of the company’s stock worth $4,632,000 after acquiring an additional 14,949 shares during the period. Russell Investments Group Ltd. bought a new position in Mobileye Global during the first quarter worth $1,723,000. M&G Plc bought a new position in Mobileye Global during the first quarter worth $39,709,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in Mobileye Global during the first quarter worth $1,294,000. Institutional investors 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.