Mobileye Global (NASDAQ:MBLY) Given New $18.00 Price Target at Robert W. Baird

Mobileye Global (NASDAQ:MBLY - Free Report) had its target price raised by Robert W. Baird from $17.00 to $18.00 in a research report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the company. Piper Sandler lifted their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Barclays restated an "equal weight" rating and set a $14.00 target price (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. BNP Paribas raised Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target for the company in a report on Wednesday, April 23rd. Needham & Company LLC dropped their target price on Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price target on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $18.63.

Mobileye Global Trading Down 3.4 %

Shares of Mobileye Global stock traded down $0.51 during trading hours on Friday, reaching $14.41. The stock had a trading volume of 1,702,964 shares, compared to its average volume of 5,419,202. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $33.26. The stock's 50 day moving average is $14.46 and its 200 day moving average is $15.92. The firm has a market capitalization of $11.69 billion, a PE ratio of -3.77, a PEG ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The business's quarterly revenue was up 83.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) EPS. As a group, sell-side analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

A number of large investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI lifted its stake in Mobileye Global by 42.3% in the 1st quarter. Arcadia Investment Management Corp MI now owns 75,036 shares of the company's stock valued at $1,080,000 after buying an additional 22,300 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Mobileye Global by 19.2% during the first quarter. Envestnet Asset Management Inc. now owns 74,747 shares of the company's stock valued at $1,076,000 after purchasing an additional 12,047 shares during the period. Bank of New York Mellon Corp increased its position in shares of Mobileye Global by 10.2% in the 1st quarter. Bank of New York Mellon Corp now owns 84,621 shares of the company's stock worth $1,218,000 after purchasing an additional 7,808 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Mobileye Global by 17.8% in the first quarter. Impax Asset Management Group plc now owns 77,142 shares of the company's stock valued at $1,110,000 after acquiring an additional 11,642 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Mobileye Global by 108.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company's stock worth $87,000 after buying an additional 3,149 shares during the period. 13.25% of the stock is owned by hedge funds and other 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.