Mobileye Global (NASDAQ:MBLY) PT Raised to $32.00

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price objective lifted by investment analysts at Piper Sandler from $31.00 to $32.00 in a report released on Friday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's price target indicates a potential upside of 9.59% from the company's current price.

Several other analysts have also issued reports on MBLY. Bank of America lowered Mobileye Global from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $47.00 to $22.00 in a report on Thursday, January 4th. Wolfe Research raised Mobileye Global from a "peer perform" rating to an "outperform" rating and set a $41.00 price target for the company in a research note on Friday, April 12th. Raymond James dropped their price objective on Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd. Morgan Stanley cut shares of Mobileye Global from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $26.00 to $25.00 in a research note on Friday. Finally, Royal Bank of Canada dropped their price target on shares of Mobileye Global from $45.00 to $39.00 and set an "outperform" rating on the stock in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

Mobileye Global Price Performance

NASDAQ MBLY traded down $1.70 on Friday, hitting $29.20. 5,591,377 shares of the stock were exchanged, compared to its average volume of 4,611,774. The company's 50-day moving average price is $29.23 and its two-hundred day moving average price is $33.40. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of -729.82, a P/E/G ratio of 14.47 and a beta of -0.21. Mobileye Global has a 52-week low of $23.49 and a 52-week high of $47.41.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The business had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Mobileye Global's revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts predict that Mobileye Global will post 0.14 EPS for the current fiscal year.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 3,600 shares of the company's stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the purchase, the director now owns 129,095 shares in the company, valued at approximately $3,582,386.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds have recently modified their holdings of the stock. CWM LLC acquired a new position in Mobileye Global in the third quarter valued at about $25,000. Principal Securities Inc. bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $28,000. Register Financial Advisors LLC acquired a new position in shares of Mobileye Global in the 1st quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC bought a new stake in Mobileye Global during the 3rd quarter worth approximately $35,000. Finally, Venturi Wealth Management LLC increased its holdings in Mobileye Global by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company's stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. 13.25% of the stock is 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.