Mobileye Global (NASDAQ:MBLY) Price Target Raised to $17.00

Mobileye Global (NASDAQ:MBLY) had its price target raised by Piper Sandler from $16.00 to $17.00 in a research note published on Thursday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other brokerages also recently issued reports on MBLY. Mizuho cut their target price on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group raised their price objective on shares of Mobileye Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Loop Capital raised their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average price target of $22.24.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $14.56 on Thursday. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $34.00. The company has a market capitalization of $11.81 billion, a P/E ratio of -3.81, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The company has a 50-day simple moving average of $16.11 and a 200 day simple moving average of $15.63.

Mobileye Global (NASDAQ:MBLY) last issued its 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 186.82% and a negative return on equity of 0.34%. As a group, equities analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MBLY. Charles Schwab Investment Management Inc. grew its stake in shares of Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after buying an additional 957,565 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Mobileye Global by 89.4% during the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock worth $2,825,000 after buying an additional 66,934 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after buying an additional 279,082 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Mobileye Global during the third quarter worth $2,598,000. Finally, Versant Capital Management Inc grew its stake in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after buying an additional 1,131 shares during the last quarter. 13.25% of the stock is 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.