Mobileye Global (NASDAQ:MBLY) Given Buy Rating at Needham & Company LLC

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $20.00 price target on the stock. Needham & Company LLC’s target price indicates a potential upside of 20.63% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Piper Sandler raised their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Mizuho cut their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group lifted their price objective 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, Barclays increased their target price on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.24.

Mobileye Global Price Performance

Mobileye Global stock opened at $16.58 on Wednesday. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00. The stock has a market capitalization of $13.45 billion, a PE ratio of -4.34, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The firm has a 50 day simple moving average of $16.11 and a 200-day simple moving average of $15.69.

Mobileye Global (NASDAQ:MBLY) last issued 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 186.82% and a negative return on equity of 0.34%. On average, analysts forecast that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

A number of large investors have recently bought and sold shares of MBLY. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $20,909,000 after buying an additional 957,565 shares during the last quarter. ARK Investment Management LLC boosted its position in Mobileye Global by 89.4% during the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock worth $2,825,000 after purchasing an additional 66,934 shares during the period. Geode Capital Management LLC grew its holdings in Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after purchasing an additional 279,082 shares during the last quarter. Paloma Partners Management Co acquired a new position in Mobileye Global during the third quarter valued at approximately $2,598,000. Finally, Versant Capital Management Inc raised its position in shares of Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after purchasing an additional 1,131 shares during the period. 13.25% of the stock is currently owned by institutional investors.

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.