50,000 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Purchased by Needham Investment Management LLC

Needham Investment Management LLC bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,000 shares of the company's stock, valued at approximately $996,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after purchasing an additional 737 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Mobileye Global during the 4th quarter valued at about $30,000. Global Retirement Partners LLC boosted its stake in shares of Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after buying an additional 932 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mobileye Global in the 4th quarter worth approximately $40,000. Finally, Ancora Advisors LLC purchased a new position in shares of Mobileye Global in the 4th quarter worth approximately $40,000. 13.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MBLY has been the topic of several research analyst reports. TD Cowen upped their price objective on Mobileye Global from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, April 25th. 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 research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. StockNews.com upgraded Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Finally, Mizuho dropped their target price on Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Stock Up 0.1%

Shares of Mobileye Global stock traded up $0.02 on Friday, reaching $15.96. The company's stock had a trading volume of 3,197,356 shares, compared to its average volume of 5,497,422. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of -4.18, a P/E/G ratio of 69.54 and a beta of 0.38. The firm's fifty day simple moving average is $14.46 and its two-hundred day simple moving average is $16.17. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $33.26.

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

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.