Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Recommendation of “Hold” from Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has earned a consensus rating of “Hold” from the twenty-six analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $23.14.

Several brokerages have issued reports on MBLY. Daiwa America lowered Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Robert W. Baird increased their target price on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group reduced their price target on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, UBS Group cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $14.00 in a report on Friday, October 4th.

Mobileye Global Stock Performance

Mobileye Global stock opened at $17.34 on Friday. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The stock has a market cap of $14.07 billion, a P/E ratio of -4.75 and a beta of 0.07. The firm’s fifty day moving average price is $13.75 and its 200-day moving average price is $19.49.

Institutional Trading of Mobileye Global

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Mobileye Global during the third quarter valued at approximately $229,000. TCW Group Inc. boosted its stake in Mobileye Global by 0.8% during the 3rd quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock valued at $5,653,000 after purchasing an additional 3,388 shares during the last quarter. Geode Capital Management LLC raised its position in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after buying an additional 279,082 shares during the last quarter. Main Management ETF Advisors LLC bought a new position in Mobileye Global during the third quarter valued at approximately $1,106,000. Finally, Stifel Financial Corp boosted its stake in shares of Mobileye Global by 101.8% in the 3rd quarter. Stifel Financial Corp now owns 179,236 shares of the company’s stock worth $2,456,000 after buying an additional 90,436 shares during the last quarter. Institutional investors 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.