Needham & Company LLC Reaffirms “Buy” Rating for Mobileye Global (NASDAQ:MBLY)

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $20.00 price objective on the stock. Needham & Company LLC’s price target points to a potential upside of 26.98% from the company’s previous close.

MBLY has been the topic of a number of other reports. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. The Goldman Sachs Group boosted their price objective on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 24th. UBS Group raised their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Oppenheimer began coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.24.

Mobileye Global Stock Down 2.2 %

Shares of NASDAQ MBLY opened at $15.75 on Wednesday. The firm’s fifty day moving average is $16.08 and its 200 day moving average is $15.70. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00. The company has a market cap of $12.77 billion, a price-to-earnings ratio of -4.12, a PEG ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PKO Investment Management Joint Stock Co bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $1,793,000. Shufro Rose & Co. LLC increased its holdings in shares of Mobileye Global by 100.0% in the 4th quarter. Shufro Rose & Co. LLC now owns 20,000 shares of the company’s stock worth $398,000 after purchasing an additional 10,000 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Mobileye Global by 30.9% in the fourth quarter. Tidal Investments LLC now owns 47,885 shares of the company’s stock worth $954,000 after purchasing an additional 11,299 shares during the last quarter. Tiger Pacific Capital LP bought a new position in shares of Mobileye Global during the fourth quarter valued at $2,681,000. Finally, Needham Investment Management LLC purchased a new stake in shares of Mobileye Global during the fourth quarter valued at $996,000. 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.