Mobileye Global (NASDAQ:MBLY) Research Coverage Started at Loop Capital

Loop Capital assumed coverage on shares of Mobileye Global (NASDAQ:MBLY) in a research report released on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $20.00 price objective on the stock.

Several other analysts have also recently weighed in on the company. Barclays lowered their price target on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 price objective on shares of Mobileye Global in a report on Tuesday, September 10th. Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. Finally, Needham & Company LLC decreased their price objective on Mobileye Global from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.05.

Mobileye Global Stock Performance

MBLY traded down $0.29 during trading on Tuesday, reaching $15.20. 2,349,614 shares of the company were exchanged, compared to its average volume of 5,053,567. The company’s 50-day moving average is $13.19 and its two-hundred day moving average is $19.92. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Mobileye Global in the 1st quarter valued at approximately $1,294,000. Raymond James & Associates lifted its stake in shares of Mobileye Global by 258.7% in the 2nd quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock valued at $9,448,000 after purchasing an additional 242,640 shares during the period. AXA S.A. raised its stake in Mobileye Global by 35.6% during the second quarter. AXA S.A. now owns 518,076 shares of the company’s stock valued at $14,550,000 after buying an additional 135,967 shares during the last quarter. M&G Plc raised its stake in Mobileye Global by 8.9% during the second quarter. M&G Plc now owns 1,350,945 shares of the company’s stock valued at $37,826,000 after buying an additional 110,032 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in Mobileye Global during the third quarter valued at $635,000. Hedge funds and other 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.