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

Mobileye Global Inc. (NASDAQ:MBLY) has been assigned an average recommendation of “Hold” from the twenty-five analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.20.

A number of brokerages have commented on MBLY. Canaccord Genuity Group cut their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Oppenheimer assumed coverage on Mobileye Global in a report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price target for the company. Mizuho boosted their target price on shares of Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, TD Cowen increased their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Mobileye Global Price Performance

NASDAQ MBLY opened at $16.71 on Wednesday. The firm has a market cap of $13.55 billion, a P/E ratio of -4.58, a P/E/G ratio of 11.65 and a beta of 0.30. The stock’s 50-day moving average is $17.84 and its 200-day moving average is $16.09. Mobileye Global has a one year low of $10.48 and a one year high of $34.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBLY. Rakuten Securities Inc. raised its stake in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares during the period. Versant Capital Management Inc grew its stake in Mobileye Global by 580.0% in 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. Daymark Wealth Partners LLC raised its stake in shares of Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after purchasing an additional 1,147 shares during the period. Guinness Atkinson Asset Management Inc increased its position in shares of Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after buying an additional 1,257 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Mobileye Global during the fourth quarter valued at $30,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Company Profile

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.