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

Mobileye Global Inc. (NASDAQ:MBLY) has been assigned a consensus recommendation of “Hold” from the twenty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $23.20.

Several equities research analysts recently weighed in on MBLY shares. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a report on Wednesday, October 2nd. Barclays lifted their target price on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a report on Wednesday, December 11th. The Goldman Sachs Group cut their price objective on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Finally, TD Cowen lifted their price target on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Mobileye Global Trading Up 3.3 %

NASDAQ MBLY opened at $16.71 on Wednesday. The company has a 50-day moving average price of $17.84 and a two-hundred day moving average price of $16.09. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of -4.58, a price-to-earnings-growth ratio of 11.65 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. Rakuten Securities Inc. lifted its holdings in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares during the period. Versant Capital Management Inc raised its holdings in shares of Mobileye Global by 580.0% in the fourth 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 during the last quarter. Daymark Wealth Partners LLC grew its holdings in Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock worth $233,000 after acquiring an additional 1,147 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its stake in shares of Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after acquiring an additional 1,257 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.