Mobileye Global Inc. (NASDAQ:MBLY) Receives $18.63 Average Price Target from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) have been given an average rating of "Hold" by the twenty-five ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.63.

A number of research firms have recently weighed in on MBLY. UBS Group cut their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $12.00 to $19.00 in a research note on Monday, February 10th. BNP Paribas raised Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price on the stock in a report on Wednesday, April 23rd. 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 report on Thursday, March 20th. Finally, The Goldman Sachs Group reduced their price target on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, April 10th.

Mobileye Global Stock Performance

Shares of Mobileye Global stock traded down $0.10 during trading on Friday, reaching $16.84. The company had a trading volume of 816,614 shares, compared to its average volume of 5,445,344. The company has a market cap of $13.68 billion, a price-to-earnings ratio of -4.40, a price-to-earnings-growth ratio of 69.54 and a beta of 0.38. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $33.26. The firm's fifty day moving average is $14.40 and its 200-day moving average is $16.10.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The firm's revenue was up 83.3% on a year-over-year basis. On average, research analysts anticipate that Mobileye Global will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently modified their holdings of MBLY. ARK Investment Management LLC raised its position in Mobileye Global by 89.4% in the 4th quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock valued at $2,825,000 after buying an additional 66,934 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in Mobileye Global during the fourth quarter valued at approximately $442,000. Yiheng Capital Management L.P. bought a new position in Mobileye Global in the fourth quarter valued at approximately $14,940,000. Slow Capital Inc. increased its position in shares of Mobileye Global by 440.7% during the 4th quarter. Slow Capital Inc. now owns 246,314 shares of the company's stock worth $4,907,000 after purchasing an additional 200,757 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of Mobileye Global by 27.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 15,507 shares of the company's stock valued at $309,000 after buying an additional 3,296 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.