Mobileye Global (NASDAQ:MBLY) Given “Sector Perform” Rating at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Mobileye Global (NASDAQ:MBLY) in a report released on Thursday morning,Benzinga reports. The firm currently has a $11.00 price objective on the stock.

Other analysts also recently issued reports about the company. BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a report on Wednesday, October 2nd. Robert W. Baird increased their price target on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Loop Capital started coverage on Mobileye Global in a report on Tuesday, November 12th. They issued a “buy” rating and a $20.00 price target for the company. Barclays decreased their price objective on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.14.

Mobileye Global Stock Up 0.1 %

MBLY stock opened at $17.10 on Thursday. The company has a market cap of $13.87 billion, a price-to-earnings ratio of -4.68 and a beta of 0.44. The business has a fifty day simple moving average of $14.83 and a 200-day simple moving average of $18.74. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48.

Institutional Investors Weigh In On Mobileye Global

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. increased its stake in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares during the period. Guinness Atkinson Asset Management Inc increased its stake 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 acquiring an additional 1,257 shares during the period. Levin Capital Strategies L.P. increased its stake in shares of Mobileye Global by 11.1% during the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock valued at $406,000 after acquiring an additional 1,441 shares during the period. Tidal Investments LLC increased its stake in shares of Mobileye Global by 4.6% during the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock valued at $501,000 after acquiring an additional 1,617 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Mobileye Global by 29.1% during the second quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock valued at $249,000 after acquiring an additional 1,999 shares during the period. 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.