Mobileye Global (NASDAQ:MBLY) Given New $16.00 Price Target at Mizuho

Mobileye Global (NASDAQ:MBLY) had its price objective decreased by Mizuho from $17.00 to $16.00 in a research note released on Friday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. UBS Group upped their price objective on Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. TD Cowen upped their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 price target (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Canaccord Genuity Group reduced their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Loop Capital lifted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and a consensus target price of $23.05.

Mobileye Global Stock Up 1.3 %

Shares of MBLY opened at $16.52 on Friday. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $34.00. The company has a 50-day simple moving average of $17.77 and a 200-day simple moving average of $15.87. The company has a market capitalization of $13.40 billion, a PE ratio of -4.53, a P/E/G ratio of 10.97 and a beta of 0.30.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share 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%. On average, research analysts anticipate that Mobileye Global will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after buying an additional 932 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Mobileye Global by 27.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 15,507 shares of the company’s stock valued at $309,000 after acquiring an additional 3,296 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Mobileye Global by 107.2% during the fourth quarter. D.A. Davidson & CO. now owns 28,600 shares of the company’s stock worth $570,000 after purchasing an additional 14,800 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Mobileye Global in the fourth quarter worth $12,202,000. Finally, Van ECK Associates Corp increased its stake in Mobileye Global by 35.7% during the fourth quarter. Van ECK Associates Corp now owns 21,274 shares of the company’s stock valued at $424,000 after purchasing an additional 5,597 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.