Mobileye Global (NASDAQ:MBLY) Given New $22.00 Price Target at TD Cowen

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price objective boosted by TD Cowen from $18.00 to $22.00 in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price objective would indicate a potential upside of 31.97% from the company's previous close.

MBLY has been the topic of several other reports. Needham & Company LLC reduced their price objective on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Mizuho raised their price objective on Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Tuesday. Wells Fargo & Company raised their price objective on Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday. Robert W. Baird raised their price objective on Mobileye Global from $19.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday. Finally, BNP Paribas upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price objective on the stock in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $19.50.

Mobileye Global Price Performance

Mobileye Global stock opened at $16.67 on Friday. The firm has a market capitalization of $13.54 billion, a P/E ratio of -4.53, a price-to-earnings-growth ratio of 93.26 and a beta of 0.54. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $27.68. The company's 50-day moving average is $16.49 and its 200 day moving average is $16.09.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The company's revenue for the quarter was up 83.3% on a year-over-year basis. Research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the sale, the executive vice president owned 107,853 shares of the company's stock, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company's stock.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in Mobileye Global by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock worth $283,101,000 after acquiring an additional 621,062 shares during the period. Norges Bank acquired a new stake in Mobileye Global during the 4th quarter worth about $95,937,000. DAVENPORT & Co LLC lifted its position in Mobileye Global by 7.6% during the 1st quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company's stock worth $34,111,000 after acquiring an additional 167,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Mobileye Global by 32.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company's stock worth $28,822,000 after acquiring an additional 493,281 shares during the period. Finally, Primecap Management Co. CA lifted its position in Mobileye Global by 9.0% during the 1st quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company's stock worth $28,303,000 after acquiring an additional 161,800 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.