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

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $23.45.

Several brokerages have recently issued reports on MBLY. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. Evercore ISI reduced their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Loop Capital raised their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, UBS Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $14.00 in a research note on Friday, October 4th.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $21.70 on Friday. The company has a market cap of $17.60 billion, a P/E ratio of -5.95 and a beta of 0.30. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $34.00. The firm’s fifty day moving average is $17.30 and its two-hundred day moving average is $17.44.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds have recently added to or reduced their stakes in MBLY. Commonwealth Equity Services LLC grew its stake in Mobileye Global by 39.8% in the second quarter. Commonwealth Equity Services LLC now owns 14,544 shares of the company’s stock worth $408,000 after purchasing an additional 4,141 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Mobileye Global by 67.8% during the 2nd quarter. Van ECK Associates Corp now owns 15,434 shares of the company’s stock worth $433,000 after buying an additional 6,234 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Mobileye Global by 182.9% during the second quarter. TD Asset Management Inc now owns 41,467 shares of the company’s stock valued at $1,165,000 after buying an additional 26,809 shares during the period. Arcadia Investment Management Corp MI raised its holdings in shares of Mobileye Global by 2.7% in the second quarter. Arcadia Investment Management Corp MI now owns 123,466 shares of the company’s stock valued at $3,468,000 after acquiring an additional 3,192 shares in the last quarter. Finally, Prudential PLC lifted its stake in Mobileye Global by 16.1% in the second quarter. Prudential PLC now owns 20,609 shares of the company’s stock worth $579,000 after acquiring an additional 2,858 shares during the period. 13.25% of the stock is currently owned by 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.