Mobileye Global (NASDAQ:MBLY) Coverage Initiated at Oppenheimer

Analysts at Oppenheimer initiated coverage on shares of Mobileye Global (NASDAQ:MBLY) in a report released on Wednesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $28.00 price target on the stock. Oppenheimer’s target price points to a potential upside of 69.59% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $14.00 in a report on Friday, October 4th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Wednesday, December 11th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Loop Capital lifted their price objective on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and a consensus target price of $23.81.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $16.51 on Wednesday. The company has a market capitalization of $13.39 billion, a P/E ratio of -4.52, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30. The company’s 50-day moving average is $17.83 and its 200 day moving average is $16.85. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $34.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MBLY. 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 valued at $25,000 after purchasing an additional 1,061 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Mobileye Global by 580.0% during the 4th 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global during the 4th quarter worth $30,000. Quarry LP bought a new position in shares of Mobileye Global during the 3rd quarter valued at $31,000. Finally, Quest Partners LLC bought a new stake in Mobileye Global in the third quarter worth $102,000. Hedge funds and other institutional investors 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.