Mobileye Global’s (MBLY) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Mobileye Global (NASDAQ:MBLY) in a research report sent to investors on Friday,Benzinga reports. Needham & Company LLC currently has a $20.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Evercore ISI reduced their target price on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Robert W. Baird boosted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Canaccord Genuity Group lowered their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st. TD Cowen boosted their price target on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global presently has a consensus rating of “Hold” and an average target price of $23.05.

Mobileye Global Stock Up 1.3 %

Shares of NASDAQ MBLY opened at $16.52 on Friday. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The company has a market cap of $13.40 billion, a PE ratio of -4.53, a price-to-earnings-growth ratio of 10.97 and a beta of 0.30. The business’s 50 day moving average price is $17.77 and its two-hundred day moving average price is $15.87.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly 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 164.13% and a positive return on equity of 0.63%. As a group, research analysts anticipate that Mobileye Global will post -0.05 EPS for the current fiscal year.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently modified their holdings of MBLY. The Manufacturers Life Insurance Company boosted its holdings in shares of Mobileye Global by 49.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after acquiring an additional 4,517,217 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Mobileye Global by 85.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after purchasing an additional 768,169 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Mobileye Global during the fourth quarter worth about $12,202,000. Finally, Melqart Asset Management UK Ltd acquired a new position in shares of Mobileye Global in the third quarter valued at approximately $4,978,000. 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.